Influences On Business Decisions Flashcards
What is a bureaucracy
The system of rules
What are cultural dimensions
a set of characteristics that from the international context of business culture
What is infastructure
The basic physical and organizational structures and facilities needed for the operation of a society or enterprise
What is multinational
a business organization operating in several countries
What is organizational culture
The values, attitudes, beliefs, meanings and norms that are shared by people and groups within an organization
What is labor turnover
The rate which employees leave a business
What is dividend
A sum of money paid regularly by a company to its stakeholders out of its profits
Who are external stakeholders
groups outside a business with an interest in its activities
Who are internal stakeholders
Groups inside the business with an interest in its activities
What is remuneration
the reward for work in the form of pay
What is shareholder value
A measure of company performance that combines the size of dividends with the share prize
What is an audit
An official inspection of an organizations accounts, typically by an independent body
What is a bribe
Money paid to persuade somebody to do what you want them to
What is business ethics
The moral principles that guide the way in which a business behaves
What is a corporate social responsibility
a business assessing and taking responsibility for its effects on the environment and its impact on social welfare. It involves the idea that businesses are responsible for more than their shareholders
