Manage

18. List and discuss the regional free trade agreements – – EU- European Union (27 democratic countries)
– NAFTA- North American Free Trade Agreement (Canada, US and Mexico)
– CAFTA- Central American Free Trade Agreement
– ASEAN- alliance of 10 Southeast Asian nations
Recruitment – the process of attracting job candidates with the right characteristics and skills
Senario planning – Also known as scenario thinking and scenario analysis. Is a strategic planning method that some organisations use to make flexible long-term plans
Satisfice – Accepting solutions that are "good enough"
Threats – Downside, think ahead to allow for contingency planning
limited partner – partner that is only liable to amount they invested
reputation – the high esteem or high repute that individuals or organizations gain when they behave ethically
The average weekly earnings of bus drivers in a city are $950 (that is µ) with a standard deviation of $45 (that is σ). Assume that we select a random sample of 81 bus drivers. Assume the number of bus drivers in the city is large compared to the sample size. Compute the standard error of the mean.
Leader – An individual who is able to exert influence over other people to help achieve group or organizational goals.
Types of Synergies – 1. Market
2. Cost
3. Technology
4. Management
strong culture – a culture that is shared by organizational members
norming – members begin to settle into their roles. Group cohesion will be relatively strong and they will be working together effectively. A lot of groups may cycle back and forth between storming and norming.
Human Relations Movement – an effort to make managers more sensitive to their employees' needs
The аverаge weekly eаrnings оf bus drivers in a city are $950 (that is µ) with a standard deviatiоn оf $45 (that is σ). Assume that we select a random sample of 81 bus drivers. Assume the number of bus drivers in the city is large compared to the sample size. Compute the standard error of the mean.
disadvantages of using teams – initally high turnover, social loafing, groupthink, and minority domination
to present – представить
Framing – o How a situation is worded affects the decisions people make

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