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Exam 3 Study Guide

by: Amy Turk

Exam 3 Study Guide BUS 10123-002

Amy Turk

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Exploring Business
Dr. Diane DeRubertis
Study Guide
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This 1 page Study Guide was uploaded by Amy Turk on Friday May 20, 2016. The Study Guide belongs to BUS 10123-002 at Kent State University taught by Dr. Diane DeRubertis in Spring 2015. Since its upload, it has received 9 views. For similar materials see Exploring Business in Business at Kent State University.


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Date Created: 05/20/16
EXAM 3 REVIEW ● Sarbanes-Oxley Act = criminalized securities fraud and toughened penalties for corporate fraud ● social responsibility = a business’s obligation to maximize its positive impact ● corporate citizenship = extent to which business meet the legal, ethical, economic and voluntary responsibilities ● the world bank = to loan money to underdeveloped and developing countries ● international monetary fund = makes short-term loans to member countries with trade deficits ● piece-rate system = classical theory of motivation ● trading companies offer everything but manufacturing ● 360-degree feedback system = performance appraisal method ● theory x = workers must be forced to do their jobs ● wage/salary survey = how much compensation similar firms are paying for jobs that the firms have in common ● theory y = imagination, ingenuity, and creativity can help solve organizational problems ● absolute advantage = when a country is the only source/producer of an item ● birth of human relations = time and motion studies ● balance of payments = difference between the flow of money into and out of a country ● human resources departments = minimize losses due to separations and transfers ● financial compensation = wages and salaries ● misuse of company time = #1 area of misconduct


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