Management/Laws Flashcards
Law for:
-min wage
-paid leave
-compensation
-safe working environment
-no more than 38 hrs/wk
Fair Work Act 2009
-secures health and safety of workers and workplaces
-minimizes risks, PPE
Work Health and Safety Act 2011
-standards under fair work act
-set leave & holidays
national employment standards (NES)
-employeers have to pay contributions on top of salary/wages
-1992 (OG)
-11.5%
Superannuation Guarantee
-1992
-unlawful to discriminate employment, education, using services, housing or accessing public places due to disability
Disability Discrimination Act (DAA)
no discrim bc of race, color, descent, national or ethnic origin or immigrant status
-1975
Racial Discrimination Act 1975
-sexual orientation, gender, relationship status, preg/breastfeeding
-1984
sex discrimination act
-protects older workers discrim/older abuse
-2004
Age discrimination act
-1986
-established commission who:
human rights breaches, lobbies govt for new laws & provides reviews
Australian Human Rights Commission Act
Planning, Organizing, Staff, Directing, Control/Eval
Management Functions
Mgmt function that:
-plans
-policies
-procedures
-objectives
-SWOT analysis
Planning
strengths, weaknesses, opportunities, threats
SWOT analysis
necessary workforce to carry out prod of goods/services in specific timeframe
staffing production schedule
of employees manager can effectively mg
span of control
-financial statement
-snapshot of financial health at specific point in time
-measures operational effectiveness
Balance Sheet
AR, inventory, property, equipment
Assets
Loans & debts
liabilities
value of what you own
Equity
-accounting formula
-ALE
assets = liabilities + equity
-forecasts future income, costs & profit
operating budget
outlines long term expenditures
ex: buildings, machines, tech
capital budget
doesn’t build on existing budget, starts from scratch
zero based budget
-based on consistent revenue
-assumes no changes
fixed budget
-can be adjusted based on varying revenues
flexible budget
