business functions 3

Question 1

name business functions

Answer 1

1. HUMAN RESOURCES
2. GENERAL MANAGEMENT
3. RISK MANAGEMENT

Question 2

explain what each functions means

Answer 2

1. HUMAN RESOURCES

The effective management of employees in
an organization.

2. GENERAL MANAGEMENT

Is concerned with the overall management
of the business.

3. RISK MANAGEMENT

The process of identifying, assessing and
controlling threats to a business.The risk manager has to develop a plan to
minimize the impact of the risk.

Question 3

name 5 Functions of HR management:

Answer 3

1. Staffing: hiring of suitable
   people for various posts.
2. Employee salaries and benefits.
3. Designing and defining work.
4. Interacts with labour
   organizations.
5. Oversees grievance and dismissal procedures.

Question 4

general management in larger companies would be the function of who ?

Answer 4

it would be the
function of the Chief Executive Officer or
CEO.

Question 5

list 2 Role of the CEO:

Answer 5

1. In charge of all other
   management functions.
2. Keeps a finger on changes in
   legislation, technology, consumer needs etc.

Question 6

name 5 risks that business fee

Answer 6

1. Financial uncertainty.
2. Legal liabilities.
3. Project failure.
4. Accidents.
5. Natural disasters.