Business Essentials, 12/e

Glossary

A

Absenteeism

when an employee does not show up for work

Absolute Advantage

the ability to produce something more efficiently than any other country can

Accommodative Stance

approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment

Accountability

obligation employees have to their manager for the successful completion of an assigned task

Accounting

comprehensive system for collecting, analyzing, and communicating financial information

Accounting Equation

Assets = Liabilities Owners’ Equity; used by accountants to balance data for the firm’s financial transactions at various points in the year

Accounting Information System ...