WorkKeys - Workplace Documents

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.

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.

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.

Front

Define confidentiality.

Back

The state of keeping secret or not disclosing information.

Front

What is capital in a business context?

Back

Money or wealth used to generate income or to invest in a business or asset.

Front

What is a policy in a workplace?

Back

A set of guidelines or principles that govern decisions and actions within an organization.

Front

What is risk management?

Back

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Front

What is a code of ethics?

Back

A set of principles that guide the behavior of individuals within an organization.

Front

What does garnishment mean?

Back

A legal process through which a portion of a person's earnings is withheld for the payment of a debt.

Front

What is a mission statement?

Back

A formal summary of the aims and values of a company, organization, or individual.