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b 202
glossary
| Term | Definition |
|---|---|
| alternative resource | a resource that can be used in place of anther |
| automation | a method of operating or controlling a process in which task are completed by automatic means such as technology reducing human effort and labor |
| baby boomers | a term used to refer to individuals who where born bewteen the years 1946 and 1996 |
| capital goods | manufactured or constructed items that are used to produce goods and services |
| conserve | to slow down the use of something to make its supply last longer then it would otherwise |
| consumer goods and service | products produced for personals consumption |
| demographics | information used to describe a population |
| economic assistance program | the human and natural resources and capitol goods used to produce goods and services also known as factors of predation |
| employee assistance program | a project organized and sponsored by a company to help its employs |
| entrepreneurs | people who assume the risks of starting and operating businesses |
| entrepreneurship | starting and building a business |
| factors of production | productive resources human and natural recourse and capitals goods also know as economic resources |
| financial capitol | money needed to operate a business |
| flextime | a scheduling procedure in which employees select their own working hours as long as they work the required number of hours |
| fossil fuels | nonrenewable carbon based energy source framed underground form the fossilized remains of plants and animals |
| generation x | a term used to redder to individuals who born between the years 1995 and 1980 also know as gen x |
| generation y | a term used to refer to individuals who where born beaten the years 1981 and 1995 also know as millennials |
| human resources | people who work to produce goods and services |
| inventory | stock of goods |
| just in time inventory | an inventory method in which goods are ordered so that they arrive when they are needed rather then being stockpiled |
| natural resources | item that are found in nature and used to produce goods and services |
| nonerasable resources | natural resources that may becomes entirety depleted nitrone resources that cannot be replenished |
| producers | the people who make or provide goods and service |
| production | the economic process or activity of producing goods and services |
| raw materials | items in theirs natural state or conation |
| resources owners | those who provide human resource natural resources and capitol goods in order for potion to take place |
| shared time | when employees share the reponsilillty for full time position |
| stockpiling | maintaining a large inventory |
| technology | scientific applications tp business objectives or methods used to attention those objectives |
Created by:
jose.m622
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