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[MO2] Managing the Office [Tier 01]

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Term
Definition
accommodating   a conflict management style allowing the other party to satisfy their concerns while neglecting your own  
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accountability   the acknowledgement and assumption of responsibility for one's actions  
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accountant   one who keeps, audits and inspects the financial records of individuals or businesses  
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A-E-I-O-U model   a model to communicate concerns and offer alternatives  
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avoiding   a conflict management style of not paying attention to the conflict and not taking any action to resolve it  
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benefits   vary according to the size of the practice; such as PTO, vacation, holiday pay, sick time off, personal time, bereavement, jury duty, helath insurance, disability, life insurance and profit sharing  
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bereavement time   time that an employee can take off when a family member or very close friend dies  
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collaborating   a conflict management style of cooperating with another party in an effort to find a mutually satisfactory solution  
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competence   the quality of being competent; adequacy; possession of requires skill, knowledge, qualification or capacity  
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competing   a conflict management style using formal authority or other power to satisfy your concerns without regard to the concerns of the part that you are in conflict with  
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complimentary health care   medical care offered to employees  
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compromising   a conflict management style attempting to resolve a conflict by identifying a solution that is partially satisfactory to both parties  
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conflict   a clash of opinions or interests  
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deductions   to deduct or subtract; remove, take away  
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disability   a benefit that covers a percentage of the salary if an employee is unable to work because if a disabling condition  
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evaluations   assessment; judgement concerning the worth, quality, significance or value of a situation, person or product  
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exemption   freed from or not liable for something to which others are subject  
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fringe benefits   included in or added to the salary paid, such as health insurance, retirement fund, etc  
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gross income   exclusive of deductions; total; entire  
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hourly wage   a varying amount of income of income depending on hours worked.  
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internal revenue service (IRS)   the division of federal government charged with implementing tax laws and collecting taxes  
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longevity   a long duration of life; lasting a long time  
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net income   remaining after all deductions have been made; to clear as profit  
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performance improvement plan (PIP)   documents a plan for required performance improvement when an employee's performance does not meet minimum expectations  
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productivity   the amount of work accomplished in a period of time  
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profit sharing   a system by which employees receive a share of the profits of a business enterprise  
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reimbursemenet   to pay back or compensate for money spent, or losses or damages incurred  
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salary   a fixed amount of wages paid to an employee on a regular basis for a prescribed period of time  
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strategy   alternative chosen to make happen a desired future  
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style   a way in which something is said, done, expressed or performed  
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tangible employment action   a significant change in employment status such as hiring, firing, promotion, demotion, undesired reassignment  
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vested   settled; complete; absolute; continuous  
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