business management MIDTERM 2.03 quiz
injunction
an equitable remedy in the form of a court order that requires a party to do, or refrain from doing, certain acts
professional union
representing employees with advanced and highly specialized skills, often requiring some credentials, such as college degree and/or liscense
picket
style of protest in which striking workers assemble outside a place of employment to make the public aware of thier cause
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the focus of tertiary production is on
lockout
work stoppage in which an employer prevents employees from working
production function
representation of the relation between the production of a good and the inputs used
decrease
according to the law of diminishing returns, continuing to hire additional employees will eventually cause the workers' individual production level to
job simplification
Melanies's supervisor made changes in some of Melanie's task so that she could finish them more easily. The technique the supervisor used is
task
a business employee is assigned to handle all incoming phone orders. This specific assignment is considered to be specialization by
maximize profits
businesses follow the law of diminishing returns in order to combine the right amount of variable resources to achieve production levels that
grievance
formal statement with the employer, most contracts set forth a grievance prodecure
boycott
is an act of voluntarily abstaining from using, buying, or dealing with a person, organization, or country as an expression of protest, usually for political reasons
boycotting
members of Local Union 999 refuse to buy products that are made by their company, Chip Rite. This is an example of
strike
occurs when all workers in the union stop coming to work
featherbedding
practice of labor union requiring an employer to hire more workers than necessary
craft union
represent employees in a single occupation or group closely related occupations