WorkKeys - Workplace Documents
Flashcard
•
English, Business, Professional Development
•
9th - 12th Grade
•
Easy
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a nondisclosure agreement?
Back
An agreement that binds parties to secrecy, usually concerning employees, investors, and others with whom a business owner needs to share a trade secret or other sensitive information.
2.
FLASHCARD QUESTION
Front
What does breach of contract mean?
Back
Occurs when one party in a binding agreement fails to deliver according to the terms of the agreement.
3.
FLASHCARD QUESTION
Front
What is arbitration?
Back
A method of settling disputes outside of court in which the parties involved agree to accept the decision of a third party.
4.
FLASHCARD QUESTION
Front
Define confidentiality.
Back
The state of keeping secret or not disclosing information.
5.
FLASHCARD QUESTION
Front
What is capital in a business context?
Back
Money or wealth used to generate income or to invest in a business or asset.
6.
FLASHCARD QUESTION
Front
What is a policy in a workplace?
Back
A set of guidelines or principles that govern decisions and actions within an organization.
7.
FLASHCARD QUESTION
Front
What is risk management?
Back
The process of identifying, assessing, and controlling threats to an organization's capital and earnings.
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