Shared Flashcard Set

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Entrepreneurship Chapter 10 Vocabulary
Entreprenuership Ideas in Action
40
Business
11th Grade
12/04/2009

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Cards

Term
job description
Definition
written statement listing the duties and responsibilities of a job.
Term
organizational structure
Definition
plan that show how the various jobs in a company related to one another
Term
recruit
Definition
look for people to hire
Term
want ad
Definition
type of classified ad that announces a job opening
Term
employment agencies
Definition
find employees for business and other institutions; charge a fee.
Term
screen job applicants
Definition
go through applications to remove candidates that do not have the right qualifications
Term
check references
Definition
with perspective employees permission, call former employers to see if candidate will perform well on the job.
Term
freelancers
Definition
people who prive services to businesses on an hourly basis or by the job.
Term
interns
Definition
students who will work for little or no pay in order to gain experience ina particular field.
Term
wages
Definition
payments for labor or services that are made on an hourly, daily, or per-unit basis.
Term
Salaries
Definition
payments for labor or services performed on an annual basis.
Term
bonus
Definition
financial reward in addition to a regular wage or salary
Term
commission
Definition
percentage of a sale paid to sales representative.
Term
commission-based salary
Definition
salary that varies from month tomonth depending on how much of a product or service is sold
Term
combination plan
Definition
ilncludes a base salary plus commission
Term
commission-only plan
Definition
employees who receive all their salaries in commission
Term
benefits
Definition
employment rewards for service in addition to salary
Term
paid leave
Definition
represent cost to employer as employee is paid on days not working
Term
sick leave
Definition
days employee is paid wages when sick--varies from company to company
Term
health benefits
Definition
group medical insurance provided by employer--may require partial payment from employee
Term
Life insurance
Definition
provides financial support for families after the income earner dies
Term
supervisory-level management
Definition
managers who work directly with the workers on the job and are responsible for implementing the plans of middle management
Term
middle management
Definition
serves as a liason between supervisory level and top management and is resposibile for implementing the goals of top managment
Term
top management
Definition
responsible for establishing the vision for a company and has the highest level of responsibility
Term
style
Definition
way of working with supervised employees
Term
judgment
Definition
makes decisions carefully and objectively
Term
empower
Definition
give employees authority to make decisions without supervisory approval
Term
honesty
Definition
behaves ethically in decisions and treatment of others
Term
consistency
Definition
predictable and emotionally even
Term
enthusiasm
Definition
generates enthusiasm in others
Term
cooperation
Definition
works well with others
Term
communications
Definition
listens, speaks, and writes effectively
Term
dependability
Definition
follows through on commitments
Term
Understanding
Definition
respects feelings and needs of people
Term
on-the-job training
Definition
employees learn new responsibilities by actually performing them at their places of business.
Term
coaching
Definition
employees receive feedback and instruction from their managers on a constant basis
Term
mentoring
Definition
one employee teams with another more experienced employee to learn a job
Term
conferences and seminars
Definition
employees learn new techniques or duties from an expert in the field
Term
delegate
Definition
let other people share workloads and responsibilities
Term
Evalution
Definition
analyze each employee's performance and determine the increase in the employee's salary
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