CHAPTER 1- Large scale organisations in context Flashcards
What is an organisation?
An organisation is two or more
people working together to achieve an
objective.
what is a large-scale organisation?
A large-scale organisation employs
200 or more people, earns revenue in
the millions, or has assets of more than
$200 million.
what is a multinational corporation?
A multinational corporation is owned and based in one country and operates in many countries throughout the world.
What do the Board of Directors do?
The board of directors are a body of elected or appointed members who jointly oversee the activities of a company or organization
What does the managing director do?
To direct and control the Company’s operations and to give strategic guidance and direction to the Board to ensure that the Company achieves its mission and objectives
What is a corporation?
A corporation is owned by shareholders and aims to make a profit
what is a shareholder?
A shareholder is any person who owns shares in a company
What is a government business enterprise ?
A government business enterprise is government owned and operated
What is a government department?
They provide essential community services, such as health, education and welfare. The Department of Education, the Department of Employment and the Department of Social Services are three examples of Australian Government departments.
what is a not-for-profit organisation?
Their main purpose is to provide goods, services or funds to prevent particular social problems or to continue their work for the benefit of the community. Examples of not-for-profit organisations include the Salvation Army and World Vision.
What is economic growth?
The monetary value of all goods and services produced in Australia over a single year
What are exports?
Sending goods to another country for sale
What are imports?
Bringing goods or services into a country from abroad for sale
what is balance of payments?
The balance of payments is a record of a country’s trade and financial transactions with the rest of the world
What is invention?
An invention is the development of something new
