Shared Flashcard Set

Details

Burgslien Vocab test
Nogales Burgslein
20
Economics
10th Grade
10/21/2013

Additional Economics Flashcards

 


 

Cards

Term
Triangle Shirtmaist Fire
Definition
Horrible event in the triangle waist factory, 146 people died causing people to trust labor unions
Term
Business Franchise
Definition

A semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area

Term
Professional Organizations
Definition
nonprofit organizatin that works to improve the image, working conditions, and skill levels of people in particular occupations
Term
Collective Bargaining
Definition
The process in which union and company representatives meet to negotiate a new labor contract
Term
Sole Partnership
Definition
A business owned and managed by a single individual
Term
Comglomerate
Definition
Business combination merging more than three businesses that make unrealated products
Term
Blue Collar
Definition
Someone who works in an industrial job, often in manufacturing, and who receives wages
Term
Horizontal Merger
Definition
The combination of two or more firms competing in the same market with the same good or service
Term
Screening Effect
Definition
the theory that the completion of college indicates to employers that a job applicant is intelligent and hard-working
Term
Labor Unions
Definition
An organization of workers that tries to improve working conditions, wages, and benefits for its members
Term
Vertical Merger
Definition
The combination of two or more firms invovled in different stages of producing the same good or service
Term
White Collar
Definition
Someone in a professional or clerical job who usually earns a salary
Term
Mediation
Definition
A settlement technique in which a neutral mediator meets with reach side to try to find a solution that both sides will accept
Term
Corporation
Definition
A legal entity, or being, owned by individual stockholders, each whom faces limited liability for the firm's debts
Term
Learning Effect
Definition
the theory that education increases productivity and resutls in higer wages
Term
Stock
Definition
A certificate of ownership in a coorporation
Term
Glass Ceiling
Definition
An unofficial, invisible barrier that prevents women and minorities from advancing in buisinesses dominated by white men
Term
Abritration
Definition
A settlement technique in which a third party reveiws the case and imposes a decision that is legally binding for both sides
Term
Strike
Definition
An organized work stoppage intended to force an employer to address union demands
Term
Partnership
Definition
Is a business organization owned by two or more persons who agree on specific division of responsibilities and profits
Supporting users have an ad free experience!