Chapter 2 - The Environment Flashcards
(39 cards)
Bona fide occupational qualification or requirement (BFOQ or BFOR)
is a job requirement that the employer can establish is essential, so that the requirement is allowed although it is discriminatory.
Demographics
is the study of a population by a certain characteristic such as age, gender, race or educational achievement.
Deregulation
is the replacement of government control over market entrants and prices with competitive markets
Direct discrimination
refers to a rule or conduct that is intentionally discriminatory.
Downsizing
is the elimination of jobs for the purpose of improving efficiency and improving economic returns.
Duty to accommodate
is a legal obligation that requires measures to allow the participation of individuals protected by human rights legislation.
Elastic demand
exists when the demand for a product is more price-responsive.
Employment standards legislation
provides for minimum terms of employment.
Federally regulated employers
are those subject to federal employment and labour relations legislation.
Fiscal policy
consists of changes in government spending and taxation to regulate employment levels and inflation.
Globalization
is the trend toward firms obtaining resources and producing and selling their products anywhere in the world.
Human rights legislation
prohibits discrimination and harassment and imposes a duty to accommodate.
Indirect discrimination
refers to a neutral rule that has an adverse impact on an individual because of prohibited grounds of discrimination; even if it is unintentional.
Inelastic demand
exists when the demand for a product is less price-responsive.
Labour relations legislation
regulates the relationship between the union representing employees and the employer.
Macroeconomic environment
is the growth rate, unemployment rate, and the rate of inflation in the economy.
Merger
is the voluntary amalgamation of two or more firms into one new legal entity.
Monetary policy
consists of changes in interest rates to regulate employment levels and inflation.
Nominal wages
are wages that have not been adjusted for inflation.
Non-standard work
is employment in other than traditional full-time work— for example, part-time and temporary work.
Price elasticity of demand
refers to how much a change in price affects demand.
Provincially regulated employers
are those subject to provincial employment and labour relations legislation.
Real wages
are wages that have been adjusted for inflation.
Trade liberalization
tries.
is the trend toward international agreements that reduce tariff barriers between coun