Business Principles & Practices Flashcards
What is ethics?
A D or Sy of MP gov h a and Int; R or W of A and G or B of M
A discipline or system of moral principles governing human action and interactions. It deals with the rightness or wrongness of actions and the goodness or badness of motives and ends.
What are three types of service environments?
PA….s-pa……and pf
Public areas;
Semi-public areas; and
Private facilities and property.
What are the three factors psychologists indicate commonly motivate individuals to commit unethical or dishonest acts?
D…….R…..O
Desire…..rationalization……and opportunity.
The income statement provides a ___________ view of an organization’s operations over a defined period.
Quantified
The balance sheet summarizes an organization’s investing and financing based on the underlying equation?
Assets = Liabilities + shareholder equity
The cash flow statement reveals what about an organization?
NOCF
NICF
FCF
Net operating cash flow, net investing cash flow and financing cash flow.
What does EBITA stand for?
Earnings before interest, taxes and amortization.
What does ORMS stand for?
Organizational Resilience Management System
The Organizational Resilience Management System impacts what part of an organization?
The organization’s overall risk and business management strategy.
What is NOT one of the five basic functions of management?
Safety and security
What expense categories must be considered when developing a budget?
Salaries….operational expenses….and capital expenses.
What are two types of cost avoidance?
Major loss prevention and other loss preventions.
What are the four categories for security data analysis.
- Proof of loss
- claims avoided
- assets recovered
- uninsured claims and other actions.
Name two of the five elements of an incident reporting system?
Statement of enterprise policy;
Functions of an incident report
Benefits of incident reporting
Incident database
Management reporting from the database
What is the value of incident reporting?
The opportunities it creates for avoiding future losses through planning, employee training and security enhancements.
Name three parts of protection planning without an incident database?
-Form a committee,
-determine criteria for events and incidents,
-identify vulnerable items to develop a system for item tracking,
-assess vulnerability,
-select countermeasures,
-create a cost-benefit model
The type of ethics most relevant to business is…?
Applied ethics
Business ethics can be applied at what three levels?
The individual….the organization and the society
What are four key reasons for poor ethical choices?
Convenience, winning, narcissism and relativism
What are the seven measures which can be used to judge contract security agencies?
Personnel;
training;
supervision;
wages and benefits;
insurance;
operational issues; and
cost of service
What five rolls can security officers play?
- Management representative
- intelligence agent
- enforcement/compliance agent
- legal consultant
- physical security/crime prevention specialist