10.-12. anyag Flashcards
An activity of working for a company for a limited period of time
Seasonal work
Someone who works for a company without being hired, eg. Independent contractors, freelancers, consultants
Contingent workers
A type of economy that operates flexibly, involving the exchange of labour and resources through digital platforms that actively facilitate buyer and seller matching eg. Uber, Airbnb, doordash
Gig economy
you get above your salary
Fringe benefits
Perks
A person who is applying for a job
Applicant
A letter written to an employer in response to a job advertisement
Application
A document that gives information on a person’s qualification and experience
CV
Synonym to employ someone
Hire
List of employees working for a company and the administration of their pay
Payroll
The person who conducts a job interview
Interviewer
When is there is need for workforce, new staff members at a company we say there is …
Vacancy
A company that searches for workforce and supplies other companies with possible candidates
HR
Cover letter needs:
Formal layout
Professional language
Perfect spelling
Businesses owned by individuals or private entities rather that the state
- Driven by profit motives
- operate within competitive markets
Free / private enterprises
Companies that are nationalised, owned and operated by local and central government
- provide public goods and services
- support social objectives
State-owned companies
Business with one owner
Self-employed people: owners of small shops
Freelancers: professionals, service providers working for clients
Retailing, direct services
- unlimited liability
Sole proprietors
Sole traders
All partners individually liable for the losses
General partnerships
General + sleeping partners
Limited partnership
Contribute to the business with capital, liability is limited to their capital investment, not involved in day-to-day business
Sleeping partners
Unlimited liability
General partners
Max 50 members
Restrictions of the transfer of shares
Private limited company
No restriction on the number of members
They can sell their shares freely on the stock exchange
Public limited companies
A company is recognised as an independent entity distinct from its owners, directors and employees
Separate legal entity
To sell company shares at the stock exchange
To go public
When 2 companies become one
Merger with
Buying of smaller companies
Takeover
Acquisitions
The firm with the largest market share
Market leader
A system of authority with different levels, one above the other, e.g. a series of management positions, whose holders can make decisions, or give orders and instructions
Hierarchy or chain of command
The power to give instructions to people at the level below in the chain of command
Line authority
Executive directors + non-executive directors
Board of directors
