| A | B |
|---|
| Benefits | Employment rewards for service to the business that are provided in addition to salary. |
| Business Interruption Insurance | Insurance that makes up for lost income if a business is shut down for repairs or rebuilding. |
| Busienss Risk | The possibility of business failure or loss. |
| Casualty Insurance | Protects a business from lawsuits. It pays a claim if a person is injured on your business premises or if a worker causes damage. |
| Coaching | Feedback from the manager on a constant basis. |
| combination Compensation Plan | Includes a base salary plus commission. |
| commission | Bases pay on a percentage of sales. |
| Economic Risks | Risks that result from changes in overall business conditions. |
| Employee Complaint | An oral or written expression of dissatisfaction. |
| Errors & Omissions Insurance | Protects manufacturers from claims for injuries that result from using their products. |
| Fidelity Bonds | Protect companies from employee theft. |
| Flextime | Allows employees to choose the work hours and days they think will be most effective. |
| Human Risks | Risks caused by human errors as well as the unpredictability of customers, employees, or the work environment. |
| Job Description | A written statement listing duties and responsibilities of a specific job. |
| Job Enlargement | Adding more tasks of the same skill level. |
| Job Enrichment | Giving employees more responsibility and control. |
| Job Specific Evaluation | Evaluation that measures effectiveness in carrying out job duties and responsibilities. |
| Job Specification | A written document that details the abilities, skills, educational level, and experience needed by an employee to perform the described job. |
| Life Insurance | Pays a business in the event of the insured persons death. |
| Management Objective | Evaluation that assesses progress toward individual objectives. |
| Mentoring | Teaming with an experienced employee to learn the job. |
| Natural Risks | Risks resulting from natural causes. |
| Performance Bonds | Protect a business if work is not finished on time or as agreed. |
| Performance Evaluations | A review of how well an employee does his or her job. |
| Performance Factor Evaluations | Evaluation that focuses on personality traits important to the job. |
| Personal Property | Any property that is unattached. Personal property includes items such as clothing, furniture, jewelry, and automobiles. |
| Piece Rate | Pays an amount based on the number of units produced. |
| Property Insurance | Covers the loss of physical property. |
| Pure Risk | The possibility of loss to a business without any possibility of gain. |
| Real Property | Buildings, land, and fixtures. |
| Risk Management | The process of managing a businesss exposure to risk in order to achieve business objectives. |
| Risk Retention | Self-insurance against business loss. |
| Risk | The possibility of a financial loss. |
| Robbery | The taking of property by violence or threat. |
| Salary | A fixed amount of pay for a certain time period regardless of the number of hours the employee works. |
| Shoplifting | A form of external theft that involves taking items from a business without paying for them. |
| Speculative Risk | Risking loss to make a profit with the possibilities of loss, no change, or gain. |
| Telecommuting | Involves performing some or all of the job away from the business through technological communication devices. |
| Wage | A fixed amount of pay per hour. |
| Workers Compensation | A government-regulated program that provides medical benefits and income to employees who are injured on the job. |
