Chapter 2 Vocab Flashcards
(14 cards)
The high birth rate period from 1945 to 1965
Baby Boom
The low birth rate period following the baby boom period
Baby Bust
Most people aged 16 or over who are available for work, whether employed or unemployed
Labor Force
The % of the labor force either employed or actively seeking employment
Labor Participation Rate
An invisible barrier to job advancement
Glass Ceiling
The inability of workers to move up from low-paying jobs requiring little skill and education
Sticky Floor Syndrome
Paying workers equally for jobs with similar but not identical job requirements
Comparable Worth
Working from home or on the road, staying in contact with the employer electronically
Telecommute
The duty of a business to contribute to the wellbeing of society
Social Responsibility
The code of moral conduct that sets standards for what is valued as right or wrong behavior for a person or group
Ethics
A collection of principles and rules of conduct based on what is right and wrong for an organization
Business Ethics
The owners, customers, suppliers, employers, creditors, government, general public, and other groups who are affected by a firm’s action
Stakeholders
People in the post-baby-boom generation
Generation X
Those persons born between 1977 and 1997
Net Generation
