Economics and Business
Further information: Employment reference letterIn the labour market, potential employers often ask job applicants for references or recommendations, so that their suitability can be verified independently. The references can be a written letter, but are often just a contact telephone number. Employers can ask for professional references, which are from former employers, or for character references, which are from people of distinction such as doctors or teachers. The source of the reference must be well known to the applicant and able to vouch for their abilities during employment.
In business administration, terms of reference describe the purpose and structure of a project, committee, meeting, negotiation, or any similar collection of people who have agreed to work together to accomplish a shared goal. The terms of reference of a project are often referred to as the project charter.
In business marketing and public procurement and tenders references are often used within the field of engineering, consultancy, industry and construction contracts. References are used to examine a company's ability to deliver the required level of service. Very often bigger companies will have hundreds or even thousands of references and will often try to categorize and manage them with reference management software
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Famous quotes containing the words economics and, economics and/or business:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“There is something in this native land business and you cannot get away from it, in peace time you do not seem to notice it much particularly when you live in foreign parts but when there is a war and you are all alone and completely cut off from knowing about your country well then there it is, your native land is your native land, it certainly is.”
—Gertrude Stein (1874–1946)