3 Flashcards
A listing of what a job includes such as tasks, duties and responsibilities
Job description
Increasing the number of tasks an employee must complete
Job enlargement
Improving employee satisfaction by increasing the number of responsibilities or tasks
Job enrichment
How essential job tasks are related to the job
Job relatedness
Moving employees from one department to another to increase their skills
Job rotation
When two or more individuals trade off hours for one full-time job
Job sharing
An inventory management system in which inventory arrives only when it is needed
Just in time inventory management
There is an inverse relationship between supply and demand
Law of demand
The path authority follows in a chain of command
Line authority
The presence of both line and staff authority in an organization
Line staff organization
When employees and management define goals and work to achieve them
Management by objectives
An increase in the price of a product before it is sold
Markup
The tendency to hire relatives of current employees
Nepotism
NLRA
National labor relations act
Made yellow dog contracts unenforceable
Norris-LaGuardia Act
When you learn the job by actually doing it
On-the-job training
A legal document giving exclusive rights to produce a product to one person or company
Patent
Deals with recruitment, selection, placement, training, compensation, and working conditions
Personnel management
Total weekly earnings divided by the total number of hours worked that week
Piece rate
Any strategy used by a company to make it stock less attractive
Poison pill
The profit which is kept and used by the company
Retained earnings
The belief that there should be a clearly defined chain of command
Scalar principal
A government agency created to protect small businesses
Small business administration
A systematic method of filling a position in an organization structure
Staffing
This states that people dislike work, and therefore must be closely supervised
Theory X
This states that people enjoy work and work better with little supervision
Theory Y
The added value of a product to the convenience
Time utility
The illegal infringement of a right
Tort
When people work jobs that are below their skill level
Underemployment
Provides weekly pay to those employees who lose their jobs
Unemployment insurance
Formal associations of employees to represent employees in negotiations with management
Unions
A promise from an employee to not join a union as a condition for getting hired
Yellow dog contract
