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Chapter 2 Vocabulary

AB
Zero-population growththe point at which births and deaths blance.
Baby boomrefers to the high birth rate period from 1945-1965.
Baby bustrefers to the low birth rate period following the baby boom period.
Frost Beltcolder norhter half of the country.
Sun Beltwarmer southern half of the nation.
Rust Beltthe north central and northeastern states where manjor manufacturing centers were once dominant.
Labor forcemost people aged 16 or over who are available for work, whether employed or unemployed.
Labor participation ratether percentage of the labor force either employed or actively seeking employment.
Glass ceilingan invisible barrier to job advancement.
Comparable worthpaying workers equally for jobs with similar but not identical job requirements.
Telecommutingallowing employees to work at home using computers rather than at the business.
Recyclethe reuse of products or product packaging whenever possible.
Ethicsthe code of moral conduct that sets standards for what is valued as right or wrong behavior for a person or group.
Business Ethicsa collection of principles and rules of conduct based on what is right and wrong for an organization.
Code of ethicsa formal, published collection of values and rules used to guide the behavior of an organization toward its various stakeholders.
Social responsibilitythe duty of a business to contribute to the well-being of society.
Stakeholdersthe owners, customers, suppliers, employees, creditors, government, the general public, and other groups who are affected by a firm's action.


Computer Applications
Warwick High School
Lititz, PA

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