Vocabulary, Ethics, Community

Vocabulary, Ethics, and Community
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Vocabulary, Ethics, and Community
1. Look-up and briefly define the following terms:
- Operational Planning – The process of developing strategic objectives and goals and aligning them with appropriate tasks to achieve them.
- Strategic Planning – It involves defining a firm’s direction and allocating enough resources to pursue the new strategy.
- Organizational Functions – The process of organizing, leading, motivating, planning, controlling, and staffing.
- Employee Induction – It is the process of familiarizing new employees with a firm’s operations by helping them settle and providing them relevant information that would enable them to become valuable team members.
- Total Quality Management – It involves a management system that emphasizes commitment and high-quality work standards when undertaking organizational operations.
- Leadership – It entails leading individuals in an organization.
- Systems Approach – It is the assumption that everything is interdependent and interrelated.
- Management – The process of tasks’ administration and coordination to meet specific goals.
- Business Finance – It involves raising funds and managing it to achieve business goals.
- Investments – The process of allocating money in a business venture with the expectations of benefits or profits.
- Marketing – It involves products or services’ promotion through advertising.
- Sales – The process of exchanging commodities or services for money.
- Net Income – It entails the overall firm’s profitability after operating costs and expenses have been subtracted from the total revenue.
- Assets – It involves a property owned by a firm or individual.
- Liabilities – It entails something that an individual or firm owes, usually quantified in terms of money.
- Shareholders – Individuals who own shares of a particular company.
- Business Segments – It involves a portion of a premise that generates more revenue by selling products or services.
- Operations Research – The analytical method of decision-making and problem-solving that is vital in an organization’s management.
2. Go online to find a code of Ethics for the TESOL profession. Read and select a section on which to write a brief interpretation of its meaning.
TESOL professionals are expected to adhere to the code of ethics when interacting with individuals globally. They are expected to be collegial and polite, good conversationalist, respectful, responsible for their actions and content, and stay on mission. Additionally, TESOL professionals are required to be straightforward and give the credit where it’s due and respect people’s confidentiality and privacy. They are also required to be truthful and transparent by providing up-to-date and accurate information (Kostogriz, 2018). Participants and coordinators are expected to determine and follow the bes...