Outsourcing: Thepractice of a companyhiring employees fromother countries toperform tasks andservices usuallyhandled by in-houseemployees.Labor andEmploymentTerms:Mediation: Theprocess of resolvinglabor disputesthrough a neutralthird party who helpsthe parties involvedreach a mutuallyagreeable solution.Antitrust laws: Lawsdesigned to promotefair competition andprevent monopolies,ensuring that marketsremain open andcompetitive.Blue-collar worker:A worker typicallyengaged inmanual orindustrial work,often involvingphysical labor.Glass ceiling: Aninvisible barrier thatlimits the advancementof certain individuals,often women orminorities, in theircareers due todiscrimination or bias.Offshoring: Theprocess of movingcertain businessoperations orfunctions to adifferent country,often to reduce costs.Labor union: Anorganization formedby workers to protecttheir rights, negotiatewith employers, andimprove workingconditions.White-collarworker:Employeesengaged inprofessional,administrative, ormanagerial roles.Economies of scale:The cost advantagesthat a business canachieve due to itssize, such as lowerproduction costs perunit as outputincreases.Natural monopoly:Occurs when onefirm can serve amarket mostefficiently, makingcompetitionimpractical.Monopoly: Amarket structurewith only oneseller, and thereare no closesubstitutes for itsproduct.Right-to-work law: Alegal principle thatallows employees incertain U.S. states tochoose whether or notto join a labor unionand pay union dues asa condition ofemployment.Commodity: An itemor product that is thesame, regardless ofwho produces it,often traded basedon standard qualityand price.Predatory pricing: Apricing strategy involvingselling a product at verylow prices to drivecompetitors out of themarket, with the intentionto later raise prices whencompetition is reduced.Patent: The exclusiveright to produce orsell a product for acertain number ofyears, protecting theinventor's intellectualproperty.Collective bargaining:The negotiation processbetween employees andtheir employer to reachan agreement on variousemployment terms, suchas wages, workingconditions, and benefits.Perfect competition: Amarket structurecharacterized by manysellers offeringidentical products,where no single firmhas a significantinfluence on marketprice.Strike: The process oforganized withdrawalof labor by workers toprotest againstworkplace conditionsor negotiate betterterms with theiremployer.Screening effect: Thephenomenon whereworkers becomemore efficient andproductive as theygain experience andexpertise in aparticular job.Price discrimination: Thepractice of chargingdifferent prices todifferent customers forthe same product orservice, based onvarious factors likelocation, demand, orcustomer characteristics.Temporary labor:Refers to foreignindividuals who areallowed to work in acountry for a limitedperiod, sometimesknown as "guestworkers."Startup costs: Theinitial expenses abusiness incurswhen entering amarket, which canact as barriers tonew firms.Featherbedding: Thepractice of creatingunnecessary jobswithin a company toemploy more workersthan are actuallyneeded, often as aresult of a labor unionagreement.GlassCeiling andLabor UnionTerms:Outsourcing: Thepractice of a companyhiring employees fromother countries toperform tasks andservices usuallyhandled by in-houseemployees.Labor andEmploymentTerms:Mediation: Theprocess of resolvinglabor disputesthrough a neutralthird party who helpsthe parties involvedreach a mutuallyagreeable solution.Antitrust laws: Lawsdesigned to promotefair competition andprevent monopolies,ensuring that marketsremain open andcompetitive.Blue-collar worker:A worker typicallyengaged inmanual orindustrial work,often involvingphysical labor.Glass ceiling: Aninvisible barrier thatlimits the advancementof certain individuals,often women orminorities, in theircareers due todiscrimination or bias.Offshoring: Theprocess of movingcertain businessoperations orfunctions to adifferent country,often to reduce costs.Labor union: Anorganization formedby workers to protecttheir rights, negotiatewith employers, andimprove workingconditions.White-collarworker:Employeesengaged inprofessional,administrative, ormanagerial roles.Economies of scale:The cost advantagesthat a business canachieve due to itssize, such as lowerproduction costs perunit as outputincreases.Natural monopoly:Occurs when onefirm can serve amarket mostefficiently, makingcompetitionimpractical.Monopoly: Amarket structurewith only oneseller, and thereare no closesubstitutes for itsproduct.Right-to-work law: Alegal principle thatallows employees incertain U.S. states tochoose whether or notto join a labor unionand pay union dues asa condition ofemployment.Commodity: An itemor product that is thesame, regardless ofwho produces it,often traded basedon standard qualityand price.Predatory pricing: Apricing strategy involvingselling a product at verylow prices to drivecompetitors out of themarket, with the intentionto later raise prices whencompetition is reduced.Patent: The exclusiveright to produce orsell a product for acertain number ofyears, protecting theinventor's intellectualproperty.Collective bargaining:The negotiation processbetween employees andtheir employer to reachan agreement on variousemployment terms, suchas wages, workingconditions, and benefits.Perfect competition: Amarket structurecharacterized by manysellers offeringidentical products,where no single firmhas a significantinfluence on marketprice.Strike: The process oforganized withdrawalof labor by workers toprotest againstworkplace conditionsor negotiate betterterms with theiremployer.Screening effect: Thephenomenon whereworkers becomemore efficient andproductive as theygain experience andexpertise in aparticular job.Price discrimination: Thepractice of chargingdifferent prices todifferent customers forthe same product orservice, based onvarious factors likelocation, demand, orcustomer characteristics.Temporary labor:Refers to foreignindividuals who areallowed to work in acountry for a limitedperiod, sometimesknown as "guestworkers."Startup costs: Theinitial expenses abusiness incurswhen entering amarket, which canact as barriers tonew firms.Featherbedding: Thepractice of creatingunnecessary jobswithin a company toemploy more workersthan are actuallyneeded, often as aresult of a labor unionagreement.GlassCeiling andLabor UnionTerms:

Untitled Bingo - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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