Thursday, November 13, 2008

Recession-A recession is a contraction phase of the business cycle, or "a period of reduced economic activity.

Recruitment-refers to the process of sourcing, screening, and selecting people for a job at an organization or firm, or for a vacancy in a volunteer-based organization or community group.

Small Business Administration Loan- is a United States government agency that provides support to small businesses.

Sherman Act-was the first United States Federal statute to limit cartels and monopolies. It falls under antitrust law.

Social Responsibility-is an ethical or ideological theory that an entity whether it is a government, corporation, organization or individual has a responsibility to society but this responsibility can be "negative

Social Security Act-resulted in the passing of two bills: Medicare and Medicaid. The act provided federal health insurance for the elderly (over 65) and for poor families. While Lyndon B. Johnson (LBJ) was responsible for signing the bill, there were many others involved in drafting the final bill that was introduced to the United States Congress in March 1965.

Strategic Objectives-Specific programs, services and activities intended to achieve one or more strategic outcomes. Strategic objectives are developed as part of the.

Theroy x and Y- are theories of human motivation created and developed by Douglas McGregor at the MIT Sloan School of Management in the 1960s that have been used in human resource management, organizational behavior, and organizational development. They describe two very different attitudes toward workforce motivation. McGregor felt that companies followed either one or the other approach.

Theory z-is the name applied to the so-called "Japanese Management" style popularized during the Asian economic boom of the 1980s.

Training- The term training refers to the acquisition of knowledge, skills, and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies. It forms the core of apprenticeships and provides the backbone of content at technical colleges and polytechnics.

Unemployment Insurance- In addition to helping workers and their families, the Unemployment Insurance programs play a key role in helping businesses, communities, and the nation's economy.

Variance Reports-The act of varying.

Venture Capitalist- is a type of private equity capital typically provided to immature, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company.

Wheeler-Lea Act-The Wheeler-Lea Act of 1938 is a United States federal law that amended the Federal Trade Commission Act to add the clause "unfair or deceptive acts or practices in commerce are hereby declared unlawful" to the Section 5 prohibition of unfair methods of competition, in order to protect consumers as well as competition.

Whistle Blower-A whistleblower is a person who alleges misconduct. More complex definitions may be used, but the issue is that the whistleblower usually faces reprisal.

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