HR COMPETENCIES TERMS Flashcards
Accounts Payable
Money an organization owes its vendors and suppliers.
Accounts Receivable
Money an organization’s customers owe the organization.
Active Listening
Communication technique to increase the engagement between communicators and their audiences. Involves two-way communication and attention to nonverbal signs.
Affinity Diagramming
Data-sorting technique in which a group categorizes and subcategorizes data until relationships are clearly drawn.
Assets
Financial, physical, and sometimes intangible properties an organization owns.
Balance Sheet
Statement of an organization’s financial position at a specific point in time. (snapshot) Showing assets, liabilities, and shareholder equity.
Bribery
Exchange of anything of value to gain greater influence or preference.
Business Case
Presentation to management that establishes that a specific problem exists and argues for a proposed solution.
Business Intelligence
Ability to use information to gain a deeper understanding of an organization and make sound business decisions.
Cash Flow Statement
Statement of an organization’s ability to meet its
current and short-term obligations, showing
incoming and outgoing cash and cash reserves in operations, investments, and financing.
Civil law
Legal system based on written codes (laws,
rules, or regulations).
Code of conduct
Principles that guide decision making and
behavior in an organization.
Common law
Legal system in which each case is considered
in terms of how it relates to legal decisions that
have already been made; evolves through
judicial decisions over time.
Confidentiality
Treatment of personal information that has been
disclosed to another person or organization.
Conflict of interest
Situation in which a person or organization may
benefit from undue influence due to involvement
in outside activities, relationships, or
investments that conflict with or have an impact
on the employment relationship or its outcomes.
Cultural intelligence
Capacity to recognize, interpret, and
behaviorally adapt to multicultural situations and
contexts.
Culture
Basic beliefs, attitudes, values, behaviors, and
customs shared and followed by members of a
group, which give rise to the group’s sense of
identity.
Delphi technique
Technique that progressively collects
information from a group of anonymous
respondents.
Due process
Concept that laws are enforced only through
accepted, codified procedures.
Emotional intelligence (EI)
Ability to be sensitive to and understand one’s
own and others’ emotions and impulses.
Enterprise resource
planning (ERP)
Business management software, usually a suite
of integrated applications, that a company can
use to collect, store, manage and interpret data
from many business activities.
Equity
Amount of owners’ or shareholders’ portion of a
business.
Extraterritoriality
Extension of the power of a country’s laws over
its citizens outside that country’s sovereign
national boundaries.
Feedback loop
In communication, structuring a message to
include opportunities for correction or
clarification. This requires two-way
communication.
Focus group
Small group of invited persons (typically six to
twelve) who actively participate in a structured
discussion, led by a facilitator, for the purpose
of eliciting their input.
Force-field analysis
Group decision-making tool designed to analyze
the forces favoring and opposing a particular
change. A factor is weighted, and the factors on
each side are summed and compared.