Flashcard Terms (C's)
Centralization
The degree to which decision-making authority is concentrated at higher levels in an organization and business functions controlled in a central location
Centralized Companies
Companies with structures that limit decision-making to higher levels in the organizational hierarchy
Chief information Officer
An executive with responsibility for managing all information resources in an organization
Collateral
Something pledged as security for repayment of a loan to be forfeited in the event of a default
Collective Environment
Understanding that the environment not only belongs to everyone to enjoy but is also everyone’s shared responsibility
Collectivist
Focused on the good of the group or society over the individual
Colonialism
The policy or practice of acquiring full or partial political control over another country to exploit it economically
Compensation
What an employee is paid in exchange for work
Commodities
A raw material or primary agricultural product that can be bought or sold
Competition laws
See antitrust laws.
Compound Tariffs
Taxes on imported goods that are a combination of a fixed amount and an amount based on the value of the goods
Conflict of Interests (COI)
Ethical challenges in which multiple interests are at conflict with one another
Conglomerates
Large corporations made up of several combined companies, often formed through mergers and takeovers
Contracts
A legally enforceable promise
Copyright
Form of protection provided by the laws of the United States to the authors of “original works of authorship,” including literary, dramatic, musical, artistic, and certain other intellectual works
