BUS 1010 Exam 2

In a SWOT analysis strengths and weaknesses are ______ and opportunities are threats are _______

An arrangement in which a business owner allows others the right to use its name and sell its goods is a _______

________ departmentalization places people performing similar activities or occupational specialties into formal groups.

An employee benefits overview is one of the key aspects of

llows the president of the United States to prevent or end a strike that threatens national security.

_)______ means that an employee being trained on the job learns skills by watching more experienced employees.

A(n) _______ is a corporation owned by its user members, who have pooled their resources for their mutual benefit.

The process by which labor and management representatives meet to negotiate pay, benefits, and other work terms.

A(n) ______ offers small business low-cost offices with basic services, such as accounting services and legal advice.

_______ consists of increasing the number of tasks in a job to improve employee satisfaction

Division of labor is also known as _________

The _______ compensation plan pays employees according to how much output they produce.

Chapter ___ bankruptcy forces debtors to turn over assets to a trustee for division among creditors.

____ skills consist of the job-specific knowledge needed to perform well in a specialized field.

A(n) _______ is a union tactic where employees complete their work more slowly to exert pressure on management.

A(n) ______ is a geographic area where government tries to attract business investment by offering lower taxes and other

_______ are paid to salespeople and are a percentage of the earnings a company made from their sales.

W parties to a business dispute accept the judgment of a third party is ____

_______ are used to celebrate important occasions. They help socialize a company's culture.

The first step in the process of organizing a union is to have at least ___% of the employees sign an authorization card

_________ is sharing of a portion of the company's profits with employees depending on things like performance.

________ is a Harvard research group's conclusion that employees work harder if they receive added attention

_______ requires allows employees to take up to 12 weeks of unpaid leave for childbirth, adoption, or family emergency.

Flexible and conversational approach when meeting candidates is what kind of interview?

_________ is a payment given for achieving specific performance objectives.

_______ is a situation where an employee's current responsibilities and pay are taken away.

One of the advantages of ________ is the ability to bring in a fresh set of viewpoints.

_________ divisions encompass work specialization and product divisions.

_____rewards are a payoff like money or recognition that a person received from others for performing a particular task.

_______ is the obligation employees have to perform the tasks assigned to them.

There are eight potential sources of funds for financing new businesses. Which of the following is NOT?

proposed that employees are motivated by five levels of needs that range from low to high

_______ structures use both functional and divisional structures in different parts of the same organization

_____ is a process that is designed to help a newcomer fit smoothly into the job and the organization.

Business law is composed of four major types of laws: statutory, common, administrative and _______

_____________ refers to the savings realized from buying materials or manufacturing products in large quantities.

_____ proposed that work dissatisfaction and satisfaction arise from two different factors

After receiving the appropriate authorization from employees and confirming the appropriate union, the NLRB should _____

______is a compensation strategy defined as the distribution of savings to groups of employees that help to reduce costs

Income tax is the term for taxes paid on earnings received by individuals and businesses.

______ is used to determine the basic elements of a job, using observation

Vertical hierarchy of authority indicates ____________________.

_________ leadership focuses on creating a smooth-running organization, motivating employees to meet performance goals.

A ____structure is one in which a firm assembles pieces of a product provided by outside contractors.

________ created the National Labor Relations Board

_____ was passed in 1970 prohibits organizations from forcing employees to endure hazardous working conditions.

_________ states that every job can be broken down into a series of elementary motions.

The _____ of a test means that the test measures what it purports to measure and is free of bias.

Autocratic leaders are _________

_________ is the process of assigning work to subordinates.

_______ is the second stage of organizational decline

______ occurs when people are hired or promoted—or denied hiring or promotion—for reasons not relevant to the job