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SP-ABM01 > 2Q > Flashcards

2Q Flashcards

1
Q

tangible equivalent or reward for services rendered or performance of a task for an organization

A

Employee Compensation

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2
Q

includes the monetary rewards in the form of salaries, wages, commissions, bonuses

A

Direct Compensation

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3
Q

is given in the form of service such as hospitalization, vacation leave, outings, etc.

A

Indirect Compensation

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4
Q

Php 610.00 per day of work

A

The Philippine Minimum Wage

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5
Q

Usually given to professional rendering work on a monthly basis

A

Salaries

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6
Q

Usually given to workers rendering service on a daily or weekly manner

A

Wages

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7
Q

It represents the fixed rate of a workers compensation. All adjustments are based on the

A

Basic pay

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8
Q

Employees being paid for each day of a particular month including unworked day (rest day), special days and regular holiday

A

Monthly-Paid

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9
Q

Daily-Paid

A

They are paid on the actual day worked, they follow a “no work, no pay” policy

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10
Q

5 days workweek

A

260

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11
Q

6 days workweek

A

312

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12
Q

Given due to recognition of an outstanding performance

A

merit pay

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13
Q

Given based on the achieve sales quota, it can also be given to a group or team

A

commissions

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14
Q

The additional pay is given for an acquisition of a new skill relevant to the nature of work

A

payment on skill

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15
Q

Given for a higher educational attainment such as Graduate programs, seminars, certifications and licenses

A

payment on knowledge

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16
Q

▣ Workers are entitled to receive a pay without rendering service
▣ They are also entitled to receive a “double pay” or additional 100% of his basic
pay if the employee works on a regular holiday
▣ Additional pay of 60% is given if the employee is requested to work on this day but happens to be his rest day

A

Holiday pay

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17
Q

▣ This applies on special holidays, employees who work on this day will receive an additional pay, but if the employee will not work there will be no payment.
▣ Additional pay of 30% is given on this day if the employee worked
▣ Additional pay of 50% is given if the employee is requested to work on this day
but happens to be his rest day

A

Premium pay

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18
Q

Given to workers who rendered work beyond the given working hours. It is added on top of the basic pay and based on the hours of overtime.

A

overtime pay

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19
Q

Is the process that initiates, guides, and maintains goal-oriented behaviors

A

motivation

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20
Q

the use of influence to motivate employees to achieve organizational goals.

A

leading

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21
Q

the person who leads or commands a group, organization, or country

A

leader

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22
Q

a process or technique of instructing, guiding, inspiring, counselling, overseeing and leading people towards the accomplishment of organizational goals.

A

directing

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23
Q

the imparting or exchanging of information or news.

A

communicating

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24
Q

a person responsible for controlling or administering all or part of a company or similar organization.

A

manager

25
Q

the reason for people’s actions, willingness and goals.

A

motivatiom

26
Q

the capacity of an individual to influence the actions, beliefs, or conduct of others

A

power

27
Q

the action of leading a group of people or an organization.

A

leadership

28
Q

function of management which helps to check errors in order to take corrective actions.

A

controlling

29
Q

encompasses the social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups

A

culture

30
Q

the practice or quality of including or involving people from a range of different social and ethnic backgrounds and of different genders, sexual orientations, etc.

A

diversity

31
Q

Elements of Directing

A

leadership
–motivation, and –Communication

32
Q

a person who occupies a higher position has legitimate power over persons in lower positions within the organization.

A

LEGITIMATE POWER

33
Q

when a person has the ability to give rewards to anybody who follows order or request, he is said to have

A

REWARD POWER

34
Q

when a person compels another to comply with orders through threats or punishment, he is said to possess

A

coercive power

35
Q

when a person can get compliance from another because latter would want to be identified with the former, that person is said to have

A

referent power

36
Q

expert provide specialized information regarding their specific lines of expertise.

A

expert power

37
Q

is a combination of desire and energy in its simplest form directed at achieving a goal in whatever you have set your heart to accomplish.

A

Personal Drive

38
Q

– leaders has a strong desire to influence and lead others. They demonstrate
the willingness to take responsibility

A

Desire to lead

39
Q

integrity includes honesty, honor, incorruptibility, rectitude, righteousness, uprightness, and other similar virtues.

A

personal integrity

40
Q

the activities of leaders require moves that will produce the needed outputs. For the moves to be continuous and precise, self-confidence is necessary in leadership functions such as conceptualizing, organizing, and implementing activities.

A

Self-confidence

41
Q

a leader with sufficient skill to determine the root cause of the problem may be able to help the subordinate to improve his production.

A

Analytical ability

42
Q

leader who is well informed about his company, the industry where the company belongs and the technology utilized by the industry, will be in a better position to provide directions to his unit.

A

KNOWLEDGE OF THE COMPANY, INDUSTRY, AND TECHNOLOGY

43
Q

when a person has sufficient personal magnetism that motivates people to follow his directives, this person is said to have charisma.

A

charisma

44
Q

people differ in the way they do their work. One will adapt a method different from another person’s method. A leader, who allows this situation as long as the required outputs are produced, is said to be flexible.

A

flexibility

45
Q

ability of the manager to find new and better ways of accomplishing his work.

A

creativity

46
Q

that measures the accomplishment /performance in relation to the established plans and objectives.

A

controlling

47
Q

The science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit.

A

MARKETING

48
Q

The implementation of marketing programs, policies, strategies and tactics designed to create a demand for the firms’ product offerings or services in generating a profi

A

marketing management

49
Q

Also known as “distribution channel”
● These are decisions about where to sell your
product & transporting products to customers

A

channel management

50
Q

These use of marketing in gathering funds

A

financing

51
Q

The process of getting the marketing information needed to make good business decisions

A

marketing info management

52
Q

● Deciding how much to charge for your product

A

pricing

53
Q

Also known as “product planning”. It involves making decisions about the design & development of products

A

product management

54
Q

Marketing as a way to inform, persuade, or remind consumers about a product
● It attracts consumers to buy your product

A

promotiom

55
Q

The operational process is composed of
three main components such as:

A

Inputs
2. Process
3. Outputs
4. Outcome

56
Q

These are resources being used up in the
process of creating goods or services.
• Money
• Manpower
• Materials
• Machines
• Management

A

inputs

57
Q

These are series of interlinked activities or steps that consume resources to meet a goal or output

A

process

58
Q

It is the quantitative measurement goods or services produced in a specific time period

A

output

59
Q

It is the qualitative measurement goods or services produced in a specific time period.

A

outcome

SP-ABM01 (3 decks)

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