Knowledge Test Flashcards
What Which of the following is an intellectual resource - People, Computers or Copyright
Copyright
What does COSHH stand for
Control of substances hazardous to health
Who are responsible for delivering strategic goals
Senior Managers
What are metrics used for in a project
To measure progress against agreed parameters
What is an organisation’s purpose
A description of their vision and main objectives
What is a cost-benefit analysis
A type of analysis that takes into account the different rewards from different approaches and then factors in the cost of each process
Is wages a Fixed or variable cost?
Fixed
What is an example of a non-operational cost
Money lost in exchange rates, Money form investments and interest income
What is transaction cost analysis
Cost of producing a good - cost of selling the good
What is a risk register
A risk management tool that measures the likelihood of a risk and the severity of the risk.
What is RAG rating?
It measures if individual tasks in a project are on track or not.
What resources are available to an organisation
Physical, human, intellectual and financial
What are the 9 protected characteristics in the Equality and Diversity Act 2010?
Age, Gender, religion or beliefs, Gender Reassignment, Disability, Race including Nationality, ethnic or national origin, marriage or Civil partnership, pregnancy or maternal leave, sexual orientation
How long can an employee be ill until they have to show proof to their employer
7 days
What is the minimum amount of maternity leave an employer has to offer
52 weeks (26 weeks at full pay and 13 weeks at half pay and 13 weeks at nil)
What is the min amount of time an employee has to take maternity leave for after giving birth.
2 weeks
What is the min paternity leave and employer must offer?
1 week or 2 consecutive weeks after the birth of the child
What is the most hours an employee can work?
An average of 48 hours per week over a 17 week period
How much rest are employees entitled to every day?
11 hours
How many days rest off are employees entitled to per week?
1
How long can an employee work before they are entitled to an in-work break
6
For young workers how long can they work a week?
40 hours with 2 consecutive rest days
How long can young workers work before they are entitled to a break?
4.5 hours
What is an operational cost?
A cost related to the operation of business
What is a non-operational cost
A cost that is not directly related to core business operations
What is an example of an operational cost
Rent, cost of resource, labour etc.
Examples of financial resources to an org
Profits, retained earnings and funding
Examples of intellectual resources to an org
Brand, patent, copyright
Examples of physical resources to an org
Building, vehicles, raw materials
