3.4.1 Corporate influences, 3.4.2 corporate culture

Question 1

earnings per share

Answer 1

company profits after tax divided by the number of shares issued

Question 2

Intuition

Answer 2

deducing something from circumstances without any direct evidence

Question 3

Mittelstand

Answer 3

the family-owned small and medium sized businesses that are the backbone of the German economy

Question 4

Stock market index

Answer 4

a weighted average of the share prices of many companies are added together, adjusted to equal 100 and then measured for percentage change over time

Question 5

Bureaucratic

Answer 5

an organisation in which initiative is stifled by paperwork and excessive checking and rechecking of decisions and actions

Question 6

Person culture

Answer 6

an organisation such as a legal practice, where common training practices mean everyone is trusted to get on with their jobs with minimal supervision

Question 7

power culture

Answer 7

the boss as spider in the web, with every decision going through him or her. Power kept at the top

Question 8

Psychometric tests

Answer 8

designed to test the psychological make up of a candidate

Question 9

role culture

Answer 9

where the job role is treated as of more importance than the individual; this will be a bureaucratic, risk-avoiding culture

Question 10

Task culture

Answer 10

making the task or project the focus, with staff brought in to form a temporary team empowered to get the task completed sucessfully