Chapter 1- Large Scale Organisations In Context

Question 1

What is a multinational corporation?

Answer 1

A multinational corporation is owned and based in one country and operates in many countries throughout the world.

Question 2

What is a mission statement?

Answer 2

The mission statement expresses why an organisation exists, it’s purpose and how it will operate.

Question 3

What is a vision statement?

Answer 3

The vision statement states what the organisation aspires to become.

Question 4

What is an organisation?

Answer 4

An organisation is two or more people working together to achieve an objective.

Question 4

What is business competitiveness?

Answer 4

The ability of an organisation to sell products in a market

Question 6

What is a Large-Scale Organisation?

Answer 6

A large-scale organisation employs 200 or more people, earns revenue in the millions, or has assets of more than $200 million.

Question 7

What is efficiency?

Answer 7

A measure of how well an organisation uses resources to achieve objectives

Question 8

What is Effectiveness?

Answer 8

The degree to which an organisation has achieved its stated objectives.

Question 9

What are organisational objectives?

Answer 9

The overall goals, purpose and mission of a business that have been established by its management and communicated to its employees.

Question 10

What is an organisations Vision?

Answer 10

A Vision Statement defines what your business will do and why it will exist tomorrow and it has defined goals to be accomplished by a set date. A Vision Statement takes into account the current status of the organization, and serves to point the direction of where the organization wishes to go.

Question 11

What is productivity?

Answer 11

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Question 12

What is a strategy?

Answer 12

The actions that an organisation takes to achieve specific objectives.

Question 13

What is flexibility?

Answer 13

The ability of a system, such as a manufacturing process, to cost effectively vary its output within a certain range and given timeframe.

Question 14

What is the board of directors?

Answer 14

The board of directors are the main shareholders of a company that decide the direction of an organisation.

Question 15

What is the Managing director and what does he do.

Answer 15

The managing director is the main person on the board of directors, and organises the meetings, votes and other tasks.

Question 16

What is a corporation?

Answer 16

An organisation owned by shareholders and aims to make profit.

Question 17

What is a share holder?

Answer 17

Any person who owns shares in a company.

Question 18

What is a government business enterprise?

Answer 18

It is a government own organisation.

Question 19

What is a government department?

Answer 19

Government departments are sections of the government that provide essential community services, such as health, education and welfare.

Question 20

Define not-for-profit organisation.

Answer 20

Organisations such as charities or foundations that main purpose is to provide a good or service and help stop a social problem and not make profits.

Question 21

What is an export?

Answer 21

It is a product that is getting sold from Australia to another country.

Question 22

What is an import?

Answer 22

A good or service that is brought from another country to Australia.

Question 23

Define balance of payments.

Answer 23

A record of a country’s trade and financial transactions with the rest of the world

Question 24

Define invention.

Answer 24

The development of something new

Question 25

Define Innovation

Answer 25

Occurs when something established is improved upon.

Question 26

Define operating environment.

Answer 26

The operating environment is where they produce the good or service.

Question 27

Define customers

Answer 27

Customers are the people buying the LSOs good or service.

Question 28

Define suppliers

Answer 28

Suppliers are the people who provide the resources for the LSO to produce there good or service.

Question 29

Define Competitors

Answer 29

Competitors are organisations that produce a rival good or service that is interchangeable with your own good or service.

Question 30

Define lobby groups.

Answer 30

Groups of people who attempt to directly influence or persuade an organisation to adopt a particular policies.

Question 31

Define objective in terms of LSOs.

Answer 31

A desired goal, outcome or specific result that an organisation intends to achieve.

Question 32

What is a Vision Statment.

Answer 32

A statement of what the organisation aspires to become.

Question 33

What is a mission statement.

Answer 33

A statement expressing why an organisation exist, its purpose and how it will operate.

Question 34

What is Infrastructure.

Answer 34

Highways, railways, airports, communication system, education and health facilities, water, gas and electricity supplies.

Question 35

Define profitability

Answer 35

The state or condition of yielding a financial profit or gain. It is often measured by price to earnings ratio.

Question 36

Define Number of sales

Answer 36

The amount of sales of goods or services an organisation distributes.

Question 37

Define percentage of market share

Answer 37

Percentage of market share is the percentage of an industry a company produces compared to their competitors.

Question 38

Define rate of productivity growth.

Answer 38

The rate of productivity growth measures the efficiency of an organisations production of a good or service. It also sees if the organisation is growing its production of a good or service.

Question 39

What is a customer survey

Answer 39

A customer survey sees how satisfied a customer is with the good or service given, as well as how well treated they were and if they where overall satisfied.

Question 39

How much dick in the ass can Joe Stefani take?

Answer 39

The limit does not exist.

Question 40

Define benchmarking.

Answer 40

This is setting the industry leader as goal or benchmark and aiming to be as good or better than them at producing and providing your good or service.

Question 41

Why is Joel such a pain in the arse?

Answer 41

Any reason provided is satisfactory.