Chapter 9 and 10 Review

Question 1

A governing body of a corporation elected by the share holders.

Accepted Answer

Board of Directors

Question 2

Focus's on the promotion of human rights, environmental preservation, or medical research

Accepted Answer

Nonprofit

Question 3

a person who is employed for a limited time, often project basis or to fill a short-term need

Accepted Answer

temporary worker

Question 4

efforts by labor unions to improve the basic economic conditions that affect workers' lives

Accepted Answer

Bread and Butter Unionism

Question 5

arrangement in which a parent company distributes products through independently owned outlets

Accepted Answer

Business franchise

Question 6

The highest-ranking person in charge of managing a corporation

Accepted Answer

CEO

Question 7

Unions can improve wages and working conditions

Accepted Answer

through collective bargaining

Question 8

A business owned by two or more co-owners who share profits and business's debts liability

Accepted Answer

Partnership

Question 9

A business owned by shareholders who have limited liability for the firm's debt

Accepted Answer

Corporation

Question 10

An example of a knowledge worker is a

Accepted Answer

lawyer who creates contracts

Question 11

a person who is employed for a limited time, often project basis or to fill a short-term need

Accepted Answer

outsourcing

Question 12

Policies designed to promote the hiring of individuals that have faced job discrimination

Accepted Answer

Affirmative Action

Question 13

The process of bringing work and jobs into a country

Accepted Answer

Inshoring

Question 14

What is the first step to building human capital?

Accepted Answer

identifying aptitudes, interests, andaspirations

Question 15

business practice which work that was once done within a company is sent to outside contractors

Accepted Answer

outsourcing

Question 16

The legal responsibility to repay debts and to pay for damages resulting from a lawsuit

Accepted Answer

Liability

Question 17

A business owned and managed by one person

Accepted Answer

Sole Proprietorship

Question 18

Who does the CEO take direction from?

Accepted Answer

Board of Directors

Question 19

a person who works with information or who develops or applies information in the workplace

Accepted Answer

knowledge worker

Question 20

In general, wage rates are determined by

Accepted Answer

Supply and Demand

Question 21

negotiations between an employer and a group of employees

Accepted Answer

Collective Bargining

Question 22

Difference in the wages earned by various groups in society, such as between men and women

Accepted Answer

Wage Gap

Question 23

The process by which people & economies around the world are becoming more interconnected

Accepted Answer

globalization

Question 24

non-wage compensations offered to workers in addition to pay

Accepted Answer

fringe benefit

Question 25

law that prohibits employers from making union membership a requirement for getting a job

Accepted Answer

right-to-work law

Question 26

A corporation that does business in more than one country

Accepted Answer

Multinational Corporation

Chapter 9 and 10 Review

Questions 26

Chapter 9 and 10 Review

Questions 26