WorkKeys Vocab 2

Front

What is Outsourcing?

Back

Outsourcing is the practice of hiring external suppliers or service providers to perform tasks or services that could be done internally.

Front

What is the opposite of Outsourcing?

Back

Internal management, which refers to managing tasks and services within the organization.

Front

What is Nepotism?

Back

Nepotism is the practice of favoring relatives or friends when hiring or promoting in the workplace.

Front

What is a common result of Nepotism?

Back

Unearned job positions, where individuals receive jobs or promotions based on their relationships rather than merit.

Front

What is a Stakeholder?

Back

A stakeholder is any individual or group that has an interest in the outcome of a project or business, such as suppliers, employees, or customers.

Front

What is the role of a Supplier?

Back

A supplier provides goods or services to a business, making them a key stakeholder.

Front

What does Protocol mean in a business context?

Back

Protocol refers to the customs and regulations for dealing with formality, precedence, or etiquette in professional settings.

Front

What is Merit-based hiring?

Back

Merit-based hiring is a recruitment process that focuses on the skills, qualifications, and performance of candidates rather than personal connections.

Front

What is the impact of Fair promotions?

Back

Fair promotions ensure that employees are rewarded based on their performance and contributions, leading to a motivated workforce.

Front

What is Social favoritism?

Back

Social favoritism is the practice of giving preferential treatment to individuals based on personal relationships rather than merit.