Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Business Practice > Module 1 > Flashcards

Module 1 Flashcards

1
Q

Define organisation

A

Business enterprise or venture to manufacture product or provide service.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Product

A

Something made or grown/produced and sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Service

A

Benefit offered in exchange for money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Different types of stakeholders

A

Internal
External
Connected

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Internal stakeholders

A

Management
Employees

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Connected Stakeholders

A

Shareholders
Customers
Bankers
Suppliers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

External Stakeholders

A

Government
Local Authorities
Pressure Groups
Competitors
General Public

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Remuneration

A

Money paid for job done

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Profitability

A

Ability of making profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Dividends

A

Share of a business profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Legislation

A

Laws passed by parliament

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Professional Ethics

A

Standards of professional behaviour

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Exploiting

A

Making maximum use

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Management

A

Run organisation
Exploit all resources availble to make maximum profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Management

A

Run organisation
Exploit all resources availble to make maximum profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Employees

A

Ensure efficient and effective work

17
Q

Shareholders

A

Organisation uses capital from shareholders
- Organisation is accountable on how they spend money to shareholders

18
Q

Customer compliant

A

Learning oppurtunity

19
Q

Long term successs depends on

A

Customers

20
Q

Suppliers

A

Supply raw material and equipment

21
Q

Government

A

Obey rules and regulations

22
Q

Professional Bodies

A

Set standards by which individuals and organisations should function

23
Q

Regulatory Authorities

A

Have power to control area of business and ensure fair operating

24
Q

Sponsorship

A

Provide financial support

25
Q

Competitors

A

Can ask for help

26
Q

Pressure groups

A

Wellbeing of employees in organisation and safe environment

Business Practice (23 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions