chapter 10/11 final exam. busn225

The future workplace campuses and mega-corporate campuses with housing bear a superficial resemblance to nineteenth- and early twentieth-century ___________ which existed around the world.

"company towns,"

This is why the __________ is more likely to be a job in which you can grow or that itself will change in a way that allows you to find greater meaning in it.

"right fit"

Another drawback is the __________—the potential productivity loss due to the time it takes each partner to get up to speed on the first day back.

"two Mondays effect"

The average U.S. employee (who commutes 30 miles and 60 minutes per day) will save more than _______ on gas per year by telecommuting

$1000

gig workers must also pay both the employee's and the employer's halves of the federal payroll tax....

(referred to as FICA [Federal Contributions Insurance Act], which funds Social Security and Medicare).

Companies that hire remote employees can also...

...widen their pool of potential applicants.

The most recent Census data reveal that almost ____ million U.S. employees skip the commute for at least part of each week, and according to a 2012 poll, worldwide, _________ workers telecommute frequently, with approximately ___ percent working from home every day.

1- four 2-1 in 5 3-10

_________ percent of U.S. employees in multiple industries were recently surveyed and reported feeling "super stressed" as they juggled work and home responsibilities.

25

By 2030, the report estimates that _____________ jobs may be eliminated in the United States.

39 million to 73 million

2020, a surprisingly large ____percent of U.S. workers would be independent contractors, and according to the Freelancers Union, more than 55 million adults in the United States already work as independent contractors and/or moonlighters.

40

American Express employees who worked from home were ___ percent more productive than workers in the office.

43

workers in the new flexible workplace spend less than ___ percent of their time at a desk.37

50

A McKinsey Global Institute study of eight hundred occupations in nearly fifty countries showed that more than ____ million jobs, or 20 percent of the global workforce, could be lost to robotics by the year 2030.

800

_________ is already in use as a way to give or lend money to consumers and businesses through web portals such as GoFundMe.

Crowdfunding

The Massachusetts Institute of Technology created a remote pilot project in its Executive Education Program.

Employees were encouraged to work remotely two or three days each week and to be present in the office each Wednesday. After six months of the pilot program, 100 percent of the employees recommended its continuation.

_____ has become a major consideration for young people in their selection of work and career.

Ethics

__________ is important to be sure job sharers are working cooperatively and meeting their goals.

Follow-up

_____ creates the delusion that we are above the law and will never get caught.

Hubris

An_________ is essentially a method of funding a startup by selling its stock to the public at large, a process heavily regulated by the government. The Securities and Exchange Commission (SEC) oversees the applicable federal laws, which require the filing of a registration statement and a full disclosure of financial information, along with months of effort by accountants, attorneys, underwriters, and company executives.

IPO

______________ exist among people, including among managers, employees, suppliers, and distributors.

Internal relationships

____________ may also reduce the absenteeism of employees with children by providing increased flexibility to cover family emergencies or obligations.

Job sharing

_______was one of the first companies to save huge amounts of money by hiring contract workers, avoiding paying benefits and payroll taxes and escaping a wide variety of employment and labor laws.

Microsoft

__________________ is likely to be a path taken by some, but older workers, as well as geographically immobile workers, are unlikely to opt for such training and may endure job loss for protracted periods.

Occupational retraining

____________________allow almost anyone to start a business from scratch in what some call the democratization of free enterprise.

Online and digital business models

How do you keep personal values like integrity, fairness, and respect close at hand?

The best way is by writing them down, prioritizing them, and fashioning them into a personal mission statement.

artificial intelligence (AI)

The branch of science that uses computer algorithms to replicate human intelligent behavior by machines with minimal human intervention

T/F- Denise Morrison, CEO of Campbell Soup, aims "to serve as a leader, live a balanced life, and apply ethical principles to make a significant difference."

True

_________ are the predominant users of this family-friendly work policy.

Women

Yahoo's then-chief executive officer (CEO), Marissa Mayer,

Yahoo has since shown greater flexibility in allowing some employees to once again work at home.

Customers often remain loyal to a brand because of its _______________________

appearance, functionality, or price.

The Bureau of Labor Statistics (BLS) estimates that ______________ fast-food jobs will disappear by 2024.

eighty thousand

telecommuting

emerged in the 1970s to describe the practice of working at a specific location, whether the employee's home or an alternate office, to reduce commuting time to a centrally located office space or store.

There may be no better place to put personal values and mission to the test than in an_________________

entrepreneurial role.

access economy

essentially a resource circulation system in which consumers participate on both sides of a transaction, as both providers and obtainers of resources (the transaction is usually facilitated by a third party acting as a go-between). The model, sometimes called peer-to-peer (or P2P), is particularly popular when the asset is expensive to obtain and is not fully consumed by the user (such as a house or condo).

Traditional workspaces are designed to allow each person to get the maximum amount of work completed each day, spending most of the time alone in a...

fairly utilitarian environment with minimal distractions.

Internal Revenue Service (IRS)

federal agency responsible for collecting income taxes

In 2009, as a consequence of the Great Recession, U.S. Department of Labor statistics put the number of involuntary part-time workers at more than nine million; in mid-2018, that number was just below _________

five million.

Studies have shown that many accomplish more in a shorter workweek due to ___________

higher morale.

chapter 11- the good manager strives to achieve a moral excellence that includes ___________________________

honesty, fairness, prudence, and courage.

To impose certain products and services on other cultures because Western nations believe these would be best for them certainly would be a form of ______________

imperialism.

flextime

lets employees choose their own start and finish time each day, arriving and leaving earlier or later than the normal 9-to-5 workday.

A ____________ is someone capable of distinguishing right from wrong and willing to be held accountable for his or her choices.

moral agent

Most sharing or collaborative economy business models use the Internet to facilitate transactions, so it might be more accurate to refer to them as part of the _______________

online platform economy

If we were to diagram the relationship between founders' values and the entrepreneurial mission, it would look something like this:

personal values, personal mission statement, entrepreneurial mission statement

Traditional means of raising capital, whether through initial _______________ or venture capital, are often dominated by big players.

public offerings (IPOs)

The employer is unable to exercise the same control over...

safety measures that holds in a traditional workplace.

The owners and builders of company towns, like George Pullman or Henry Ford, were often idealists who envisioned creating a ___________

social utopia.

Some jobs require consistent in-person contact with clients or customers, ...

such as counseling, physical therapy, and medicine.

The likelihood of miscommunication increases when everything must be...

transmitted electronically or virtually.

T/F As attractive as a high salary and comfortable lifestyle are to many, the life of a true professional is guided less by the desire to amass material goods than by a willingness to adhere to a code of ethical behavior and make the sometimes selfless decisions that protect the public and the corporation from misdeeds.

true

T/F The first is that satisfied employees are more productive and feel greater commitment to the organization.

true

job sharing

two or more employees perform the work of a full-time position, each taking part of the total workload for the job. For example, one job-sharing employee might work three eight-hour shifts a week and the other would take two such shifts at the same job.

robotics

—a combination of computer science, mechanical and electronics engineering, and science—have meant that machines or related forms of automation now do the work of humans in a wide variety of settings, such as medicine, where robots perform surgeries previously done by the surgeon's hand.

"gatekeepers of capital"

—the investment banking community.