A Document That Describes a Company's Conditions of Employment, Policies

question 62

Multiple Choice

A document that describes a company's conditions of employment, policies regarding employees, administrative procedures, and related matters is called a(n)

• A) employee handbook.
• B) code of ethics.
• C) mission statement.
• D) vision statement.

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Definitions:

Backward Integration

A business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, thereby controlling production of its supplies.

Acquires Suppliers

The process by which a company takes over or purchases its suppliers to control the supply chain.

Unrelated Diversification

A corporate strategy where a company expands into areas or industries that are not related to its current business or products.

New Businesses

Enterprises that have been recently established and are in the early stages of operation.