Business Flashcards

1
Q

LRA

A

Promotes social justice, peace and democracy in the workplace

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2
Q

BCEA

A
Protects employees from exploitation by regulating:
Hours
Leave
Pay
Retrenchment
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3
Q

OHSA

A

What health+safety the workplace needs, and what employers should do to ensure nothing bad happens.

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4
Q

COIDA

A

Employers should compensate employees/families if employees get sick/injured/die working.

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5
Q

What is entrepreneurial thinking

A

The thinking that brings all the inputs together and organizes them into successful production processes.

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6
Q

What is the remuneration for entrepreneurship

A

Profit

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7
Q

What are the factors of production

A

Capital
Land
Labour
Entrepreneurship

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