Chapters 10 & 11

Question 1

compensation system

Answer 1

everything a company gives you for your labor

Question 2

affirmative action

Answer 2

look at groups that are underrepresented and make sure there isn’t racial or gender discrimination

Question 3

performance appraisal

Answer 3

ranks employees. report card. sit down with manager and discuss future, what you are doing right or wrong

Question 4

job description

Answer 4

what you have to do

Question 5

job specification

Answer 5

skills required

Question 6

goods

Answer 6

tangible thing you buy

Question 7

services

Answer 7

intangible

Question 8

management information systems

Answer 8

integrating the use of technology to help solve the business problems that may occur

Question 9

wage

Answer 9

hourly pay

Question 10

salary

Answer 10

expectation of meeting certain goals

Question 11

benefit

Answer 11

what a company gives you other than money. compensation other than wages and salaries

Question 12

contingent worker

Answer 12

not permanent. not full time.

Question 13

why join clubs

Answer 13

business acumen. gain leadership skills. networking. internships.

Question 14

costs of replacing an employee

Answer 14

1.5 of their annual salary

Question 15

MIS Speaker

Answer 15

Dr. Peace & Dr. Clyst

Question 16

Marketing Speaker

Answer 16

Dr. Fitzgerald & Dr. Walsh

Question 17

accounting speaker

Answer 17

Dr. Nagreenie & Dr. Dormanty & Dr. Shoup

Question 18

Accounting

Answer 18

language of business. measure of the firms performance. universally valued skill set. tool for management and stewardship

Question 19

Credits to graduate

Answer 19

120

Question 20

CPA credits

Answer 20

150 by getting a double major or getting a masters degree in accounting or taking 19 credits a semester

Question 21

4 types of accounting

Answer 21

forensic, managerial, audit, financial

Question 22

supply chain

Answer 22

spans all of business. do a little bit of everything

Question 23

marketing

Answer 23

front face. identify anticipate and satisfy

Question 24

business to business

Answer 24

financial services, information technology, medical sales, (not retail)

Question 25

americans between 18 & 29 employed

Answer 25

55%

Question 26

supply chain starting $

Answer 26

54,000

Question 27

supply chain 3 years $

Answer 27

85,000

Question 28

supply chain mid $

Answer 28

over 6 figures

Question 29

why is supply chain management helpful

Answer 29

the sum of the system costs less than the sum of the individual pieces