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BE 202 EC-903

business ethics

Alternative resource a resource that is used in place of another
Automation tasks are completed by automated means, reducing human effort and labor
Baby boomers people that were born between 1946 and 1964
Capital goods Manufactured or constructed items; items that are used to produce goods
Conserve slowing down the use of something to make it last longer
Consumer goods and services products produced for personal consumption
Demographics information used to describe a population
Economic resources human and natural resources and capital goods used to produce goods and services (factors of production)
Employee assistance program a project that helps the company's employees
Entrepreneuers people who assume risks to make a business
Entreprenuership starting and running a business
Factors of production productive resources
Financial capital money needed to operate a business
Flextime employees selecting their own working hours as long as they work those required hours
Fossil fuels nonrenewable energy sources formed underground from fossilized plants and animals
Generation X people born between the years 1965 and 1980 (Gen X)
Generation Y people who were born between 1981 and 1995 (millenials)
Human resources people who work to produce goods and services
Inventory stock of goods
Just-in-time inventory stock that arrives when its needed instead of being stockpiled
Natural resources items that are found in nature to produce goods and services
Nonrenewable resources natural items that can become depleted and cannot be used after gone
Producers people who make and provide goods and services
Production the economic activity of producing
Raw materials items in their natural state or condition
Resource owners those who provide human resources, natural resources, and capital goods in order for production to take place
Shared time two employees are resposible forone full-time position
Stockpiling Maintaining a large inventory
Technology scientific applications to business objectives or the methods used to attain those objectives
Created by: GabrielRO
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