Which Term Refers to the Warning Process That Tries to Improve

question 44

Multiple Choice

Which term refers to the warning process that tries to improve employee performance or behaviour?

• A) punishment and reward
• B) just-cause discipline
• C) red-circling
• D) corrective action

Understand the significance of quality improvement and total quality management in business success.

Recognize the impact of global competition and corporate strategies on organizations.

Distinguish between formal and informal elements within organizations.

Describe the roles of different sectors of the economy and their relationship with organizations.

---

Definitions:

Partnership

A voluntary association between two or more people who co-own a business for profit.

Share Classes

Categories of stock in a company, each with different rights, privileges, and restrictions.

Business Judgment Rule

A legal principle that protects corporate directors and officers from liability for decisions made in good faith and believed to benefit the company.

Action Against Directors

Legal proceedings brought against the directors of a company for negligence, breach of duty, or other wrongdoing.