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f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A place or process though which goods and service are exchanged. [Question]
Market
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] An economic system in which decisions are made largely by the interactions of buyers and sellers. [Question]
Market economy
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] An econoim system in which decisions are made by markets,government and tradition. [Question]
Mixed economy
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Government decisions on money supply and interest rates to achieve economic goals. [Question]
Monetary policy
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A medium of exchange. [Question]
Money
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The amount of liquid assets which exists in the economy at a given time (e.g.,currency,checkable deposits,travelers' checks). [Question]
Money supply
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] An investment potion that uses cash from a pool of savers to buy a wide range of securities. [Question]
Mutal fund
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Anything found in nature that can be used to produce a product(e.g.,land,water,coal). [Question]
Natural resources
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Finite element that cannot be replaced once they are used(e.g.,petroleum,minerals). [Question]
Nonrenewable resources
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The highest valued alternative given up when a decision is made. [Question]
Opportunity cost
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The tatal amount of a commodity produced. [Question]
Output
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A business in which ownership is shared by two or more people who receive all the profits and rewards and bear all the losses ans risks. [Question]
Partnership
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The amount people pay in exchange for a particular good and service. [Question]
Price
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Government restraint of price to keep the cost of living down.It usually happens in time of war,but there are also instances in peacetime. [Question]
Price control
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A measure of the average level of costs at one time compared to the average level of costs at another time. [Question]
Price index
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] One who makes goods and services. [Question]
Producer
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Amount of output per unit of input over a period of time,It is used to measure the efficiency with which input can be used. [Question]
Productivity
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Total revenue minue total cost. [Question]
Profit
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Levy for which the percentage of income used to pay the levy increases as the taxpayer's income increases. [Question]
Progreeive tax
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Levy for which the percentage of income used to pay the levy remains the same as the taxpayer's income increases. [Question]
Proportional tax
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] goods and service provided by the government rather than by the private sector.Goods and services that more than one person can without necessatily preventing others from them. [Question]
Public goods
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A government's course of action that guides present and future decisions. [Question]
Public policy
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The amount of a goods or services people are willing and able to purchase at a given price during a specific time period. [Question]
Quantity demanded
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The amount of a good and services people are willing and able to sell at a given price during a specific time period. [Question]
Quantity supplied
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A foem of import protectionism where the total quantity of imports of a particular commodity is limited. [Question]
Quota
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A contraction in National production that lasts six months or longer.A recession might be marked by job layoffs and hight unemplayment,stagnant wages, reductions in retail sales and slowing housing and car markets. [Question]
Recession
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Levy for which the percentage of income used to pay the levy decreases as the taxpayer's income increases. [Question]
Pegressive tax
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Substances that can be regenerated if used carefully(e.g.,fish,timber). [Question]
Renewable resources
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Inputs used to produce goods and services;categories include natural,human and capital. [Question]
Resources
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] An economic canditions that exists when demand is greater than supply. [Question]
Scarcity
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Actions that are valued by others. [Question]
Services
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A business owned by an individual who receives all the profits and rewards and bears all the losses and risks. [Question]
Sole propietorship
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A form of division of laber in which each individual of firm concentrates its productive efforts on a single or limited number of activities. [Question]
Spesialization
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A measurement of an idividual's quality of life. A langer consumption of goods and services and leisure is often assumed to indicate a higher standard if living. [Question]
Standed of living
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] A certificate representing a share of ownership in a company. [Question]
Stock
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The different quantities of a resource,good or services.The purpose of a tariff is to protect domestic products from foreign competiton. [Question]
Supply
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Surchange placed on imported goods and services. the purpose of a tariff is to protect domestic products from competiton. [Question]
Tariff
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The third level of economic activity.It includes service and servicesrelated inustries. [Question]
Tertiary
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Voluntary exchange betweeen two parties in which both parties benefit. [Question]
Trade
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The payment of a nation that deal with merrchandis imports or exports. [Question]
Trade balance
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] An economic system in which desisions are made largely by repeatting the actions from an earlies time or generation. [Question]
Traditional economy
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] The percentage of the laber force that is actively seeking employment. [Question]
Unemployment rate
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
f48a27ab_Flashcards_about_Economics_OG__Question
[Answer] Desires that can be satisfied by consuming goods,services or leisure activities. [Question]
Wants
[]
Flashcards about Economics OG
Question
http://www.studystack.com/flashcard-332385
38/1438043062723.96_20150728002422-00278-ip-10-236-191-2_734386840_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] voltmeter [Answer]
Measures the amount of energy given to or lost by electrons as they travel between 2 points in the circuit.
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] walloutlet [Answer]
Brings electrical energy in from the community powwer supply
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] switch [Answer]
Can be opened to stop current flow or closed to allow current to flow
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] resistor [Answer]
A device that slows down the flow of electrons in conductors
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] motor [Answer]
Converts electrical energy into motion
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] light bulb [Answer]
Converts electrical energy into light and heat
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] ground [Answer]
Connects the circuit to the earth
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] fuse [Answer]
Prevents too much current from flowing through the circuit
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] cell [Answer]
Source of current. Long bar represents the positive terminal.
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] battery [Answer]
Two or more cells joined together. This battery is made up of 3 cells.
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
0e9463c9_ashcards_about_Circuit_Symbols__Answer
[Question] ammeter [Answer]
Measures the amount of electric current flowing in a circuit.
[]
Flashcards about Circuit Symbols
Answer
http://www.studystack.com/flashcard-239287
38/1438043062723.96_20150728002422-00028-ip-10-236-191-2_734085589_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Divided Government [Definitions]
A government in which one party controls the White House and another party controls one or both houses of Congress.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Unified government [Definitions]
A government in which the same party controls both the white house and both houses of congress.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Representative Democracy [Definitions]
A political system in which leaders and representatives acquire political power by means of a competitive struggle for the people's vote. This is the form of government used by nations that are called democratic.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Direct democracy [Definitions]
A political system in which all or most citizens participate directly by either holidng office or making policy. The town meeting, in which citizens vote on major issues, is an example of participatory democracy.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Pyramid Structure [Definitions]
A method of organizing a president's staff in which mot presidential assistance report through a hierarchy to the president's chief of staff.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Circular Structure [Definitions]
A method of organizing a president's staff in which several presidential assistants report directly to the president.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Ad Hoc Structure [Definitions]
A method of organizing a president's staff in which several task forces, committess, and informal groups of friends and advisers deal directly with the president.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Perks [Definitions]
A shor for of perquisites, meaning "fringe benefits of office". Among the perks of political office for high ranking officials are limousines, expense acounts, free air travel, fancy offices, and staff assistants.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Cabinet [Definitions]
By custom, the cabinet includes the heads of the fourteen major executive departments.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Veto message [Definitions]
One of two ways for a pesident to disapprove a bill sent to him by Congress. The veto messae must be sent to Congress within ten days after the presdient receives the bill.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Pocket Veto [Definitions]
One of two ways for a rpesident to disapprove a bill sent to him by Congress. If the president does not sign the bill within ten days of his receiving it and Congrss has adjourned within that time, the bill does not become a law.
[]
Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Line-Item Veto [Definitions]
The power of an executive to veto some provisions in an appropriations bill while approving others. The president does not have the right to exercise a line-item veto and must apporve or reject an entire appropriations bill.
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Flashcards about Chapter 12 Vocab
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38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Trustee approach [Definitions]
The view that an elected representative should act on his or her own best judgment of what public policy requires.
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Flashcards about Chapter 12 Vocab
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http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Delegate model [Definitions]
The view that an elected representative should represent the opinions of his or her constituents.
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Flashcards about Chapter 12 Vocab
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http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Legislative veto [Definitions]
The rejection of a presidential or administrative agency action by a vote of one or both house of Congress without the consent of the president. In 1983 it was declared unconstitutional by the Supreme Court.
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Flashcards about Chapter 12 Vocab
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http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Impeachment [Definitions]
A formal accusation against a public official by the lower house of a legislative body. Impeachment is merely an accusation and not a conviction.
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Flashcards about Chapter 12 Vocab
Definitions
http://www.studystack.com/flashcard-16749
38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
d2992158_shcards_about_Chapter_12_Vocab__Definitions
[Chapter 12 Terms] Lame Duck [Definitions]
A politician who is still in office after having lost a reelection bid.
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Flashcards about Chapter 12 Vocab
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38/1438043062723.96_20150728002422-00240-ip-10-236-191-2_717541262_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Management [Description]
The process of achieving objectives through people and other resources. The manager's job is to combine human and technical resources in the best way possible to achieve the company's goals.
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Flashcards about MGT 161 Chapter 8
Description
http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Top Management [Description]
The highest level of management including such positions as CEO, CFO and Executive Vice President. Top managers spend most of their time developing long-range plans for their organizations.
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Flashcards about MGT 161 Chapter 8
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http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Middle Management [Description]
The second tier of the management hierarchy, includres positions such as general managers, plant managers, division managers and branch managers. Middle managers' attention focus on specific operations, products or customer groups within an organization.
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Flashcards about MGT 161 Chapter 8
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http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Glass ceiling [Description]
invisible barrier that resists the efforts of women in moving up the corporate hierarchy beyond a certain point
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Supervisory management [Description]
first-line management – includes positions such as supervisor, line manager, and group or team leader. Directly responsible for assigning nonmanagerial employees to specific jobs and evaluating their performance every day
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Flashcards about MGT 161 Chapter 8
Description
http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Technical skills [Description]
ability to understand and apply the techniques, knowledge, and tools and equipment of a specific discipline or department
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Flashcards about MGT 161 Chapter 8
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http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Human skills [Description]
interpersonal skills that enable a manager to work effectively with and through people
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Flashcards about MGT 161 Chapter 8
Description
http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Conceptual skills [Description]
ability to see the organization as a unified whole and to understand how each part of the overall organization interacts with other parts
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Special Skills for Overseas Managers [Description]
Must learn local languages, cultural customs, and practices and expectations of foreign business environments - Awareness of differences among cultures - Able to handle culture shock
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Flashcards about MGT 161 Chapter 8
Description
http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Planning [Description]
process of anticipating future events and conditions and determining courses of action for achieving organizational objectives
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Organizing [Description]
means by which managers blend human and material resources through a formal structure of tasks and authority
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Directing [Description]
guiding and motivating employees to accomplish organizational objectives
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Flashcards about MGT 161 Chapter 8
Description
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Controlling [Description]
evaluating an organization’s performance and determining whether it is accomplishing its objectives
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Vision [Description]
perception of marketplace needs and the methods an organization can use to satisfy them - Helps to direct the company toward opportunities . . . and differentiates it from competitors - Helps unify the actions of far-flung divisions, keep customers satis
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Business plan [Description]
takes the firm’s objectives and specifies the activities and resources required to achieve them
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Flashcards about MGT 161 Chapter 8
Description
http://www.studystack.com/flashcard-1314
38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Strategic planning [Description]
process of determining the primary objectives of an organization and adopting courses of action in allocating resources to achieve these objectives
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Flashcards about MGT 161 Chapter 8
Description
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Tactical planning [Description]
involves implementing the activities specified by strategic plans - Guides the current and near-term activities required to implement overall strategies
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Flashcards about MGT 161 Chapter 8
Description
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Operational planning [Description]
creates the detailed standards that guide implementation of tactical plans - Involves choosing specific work targets and assigning employees and teams to carry out plans
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Flashcards about MGT 161 Chapter 8
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dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Adaptive planning [Description]
developing courses of action that are fluid and forward-looking enough to adapt to changes in the business environment - Emphasizes focus and flexibility
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Contingency planning [Description]
allows a firm to resume operations as quickly and as smoothly as possible after a crisis while openly communicating with the public about what happened - Usually designates a chain of command for crisis management
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Flashcards about MGT 161 Chapter 8
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dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Mission statement [Description]
written explanation of an organization’s business intentions and aims
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Flashcards about MGT 161 Chapter 8
Description
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Assessing Competitive Position [Description]
Involves an examination of the factors that may help or hinder the organization in the future
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] SWOT analysis [Description]
organized method of assessing a company’s internal strengths and weaknesses and its external opportunities and threats
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Forecasting [Description]
process of estimating or predicting a company’s future sales or income - Can focus on Short-Term, Intermediate term or Long Term
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Objectives [Description]
guideposts by which managers define the organization’s desired performance in such areas as profitability, customer service, growth, and employee satisfaction
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Competitive differentiation [Description]
unique combination of a company’s abilities and approaches to place it ahead of competitors
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Sources of competitive differentiation include [Description]
Human resources, Product Innovation, Technology and Financial Management
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Flashcards about MGT 161 Chapter 8
Description
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json
dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Implementation [Description]
Turning Strategy Into Action - Strategy put into action by identifying the specific methods and deploying the resources needed to implement the intended plans
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Flashcards about MGT 161 Chapter 8
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dc6a3c89_hcards_about_MGT_161_Chapter_8__Description
[Term] Decision making [Description]
process of recognizing a problem or opportunity, evaluating alternative solutions, selecting and implementing an alternative, and assessing the results
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Flashcards about MGT 161 Chapter 8
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38/1438042981969.11_20150728002301-00293-ip-10-236-191-2_731040503_3.json