INTRO TO BUSINESS
A neutral party that renders a decision between two parties
Flexiplace = TELECOMMUTING
First in First Out
Father of scientific management
Municipals – Federal tax free from cities, Corporate – for businesses to raise
capital, Zero coupon – no
rate or return, but sold at a large discount to face value.
Bond holders are creditors,
Types of Insurance
P&C, Fire, Burglary, Robberty / Theft, Fidelity Bonds, auto,
business liability, marine, business interruption
a list of the general tasks, or functions, and
May also be called the Job Objective or Purpose Statement; a short
paragraph of no more than three to four sentences which concisely informs the reader
of the nature, level, and objective of the position.
various methods for analyzing the requirements of a job: purpose,
methods, results, systems
Job Specifications, or Job Specs., are details and descriptions about
a job that serve as a thumbnail view of the job.
periodic evaluation of employees’ work-related behavior.
board of directors
group of people elected by the owners of a business entity who
have decision-making authority, voting authority, and specific responsibilities
types of stock – Common, preferred, dividends
employee chooses best way to do the work or allowing events to take
their own course
boss type management
- Private Enterprise system in which business must match and improve on
offerings to competitors in order to succeed.
Key characteristic is competition.
– government owns key infrastructure such as utilities, energy, health care &
Private ownership permitted in less important sectors.
Israel is example