20 Terms
Home > Industry/Domain > Business administration > Business management
Business management
General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.
Industry: Business administration
Add a new termContributors in Business management
Business management
adaptation
Business administration; Business management
Originally a biological term used to describe physical or behavioral changes that increased an organism’s chances of survival. Now used in psychology in two ways: (1) to describe responses to change ...
linear time
Business administration; Business management
Our most salient view of time, which perceives it as flowing in a straight line from the past to the future via the present. Our most common experience of it is as clock time. Compare with cyclical ...
sinecure
Business administration; Business management
Paid employment with little or no work attached to it; that is, even less than in the case of underemployment.
grey economy
Business administration; Business management
Part of the informal economy. Unlike the black economy, work in the grey economy is unpaid. It consists of work done within households or communities. Usually, this takes the form of an informal ...
sick pay
Business administration; Business management
Pay given to workers who are off work for reasons of illness or injury. As well as statutory provisions there are many occupational schemes and these are sometimes regarded as a fringe benefit of a ...
payment in kind
Business administration; Business management
Payment for work done in goods and services rather than money.
deferred compensation
Business administration; Business management
Payment intended by an organization for its employees at some future date; for example, as pensions upon their retirement.
