Financial Management & HR Flashcards
(47 cards)
When menu planning, which item is budgeted w/ first?
protein
Work compensation
hurt at work
unemployment compensation
dependent on each state (let go d/t no work availability)
Steps in disciplinary employees
just remember consistency is key
Taft Hartley Act
Pro-management (federal): prohibits certain union practices
Fair Labor Standards act
- minimum wage
* child labor laws
Job breakdown
How to do the job step by step
Job enrichment
add more tasks to advance in position, to gain more in a job
Market Niche
Need you are trying to fill (you use a poster to attract a certain clientle)
Loss Leader
Mis-Leading
For ex: coffee beans is .60 cents but special grinder is needed so customers must buy more
Family Medical Act
- 12 weeks off unpaid leave
- must have over 50 employees
- guaranteed an equal job not the same
Liabilities
amount you owe to others
Marketing Mix
Product: signature item
Place: where are you offering it
Price: $
Promotion: ads, publicity, network
Grievances w/ union
if employee is not in a union, leaving position may be informal
if an employee is in a union, settlement needs to be formal; written in a contract.
Balance sheet
lists assets and liabilities at a specific time of day
assets (4 examples)
bonds, rental properties, equipment and physical inventory
QMI
quality management and improvement
TQM
Total quality management (more individual)
where is there improvement needed (customer satisfaction)
CQI
Continuous quality improvement (improvements in the organization)
ADA compliances (4)
- Company must have >15 workers
- essential jobs
- isles must be 36’’ and doors 32’’
- have desks that can be lowered
Social marketing
10% of sales will go here
good for the population
Job enlargement
To alleviate boredom (adding more tasks)
Sales
“income” “revenue”
Six Sigma
Data driven approach using standard deviation to figure out how many errors have accrued and how to eliminate them
