商学概要复习题.docx

Consumer Price Index(CPI)Measure of the prices of typical products purchased by consumers living in urban areasMergerUnion of two corporations to form a new corporationOutsourcingPractice of paying suppliers and distributors to perform certain business processes or to provide needed materials or servicesMission StatementOrganization’s statement of how it will achieve its purpose in the environment in which it conducts its businessPsychological Contract Set of expectation held by an employee concerning what he or she will contribute to an organization(referred to as contributions) and what the organization will in return provide the employee (referred to as inducements)StrikeLabor action in which employees temporarily walk off the job and refuse to workGross Domestic Productthe total value of all goods and services produced within a given period by a national economy through domestic factors of production.AcquisitionPurchase of one company by anotherEmbargoGovernment order banning exportation and/or importation of a particular product or all products from a particular countryCrisis ManagementOrganization’s methods for dealing with emergenciesTransformational Leadershipis the set of abilities that allows a leader to recognize the need for change, to create a version to guide that change, and to execute the change effectively.BoycottLabor action in which workers refuse to buy the products of a targeted employerDescribe four periods of business cycle?Short-term pattern of economic expansions and contractionsfour stages:expansion (increase in production and prices, low interest-rates)crisis (stock exchanges crash and multiple bankruptcies of firms occur)recession (drops in prices and in output, high interest-rates)recovery (stocks recover because of the fall in prices and incomes)List 7 types of managers according to areas of management?Operations managers: people who are responsible for production, inventory, and quality control.Human resource managers: who hire and tra