Term 1

Question 1

3 types of leaders

Answer 1

Autocratic, Democratic, Laissez-faire

Question 2

Autocratic

Answer 2

centralized decision making authority. makes decisions without seeking input from team members. relies on own judgement.

Question 3

democratic

Answer 3

encourages active participation and collaboration from team members in decision making. values input from members.

Question 4

laissez-faire

Answer 4

allows team members significant freedom to make decisions. provide minimal guidance. focus on results from team members to make solutions.

Question 5

leaders v managers

Answer 5

leaders do not have to be formal in an organization. Managers are those with formal responsibilities

Question 6

internal stakeholders

Answer 6

employees, managers, owners

Question 7

external stakeholders

Answer 7

suppliers, government, shareholders, customers, creditors.

Question 8

unlimited liability

Answer 8

WHen business owners are responsible for covering any debt that a company is unable t pay if it fails

Question 9

limited liability

Answer 9

where a business is registered as a seperate entity t its owner meaning that the personal assets of the owner cannot be used to cover businesses debt

Question 10

sole trader

Answer 10

legal label given to any business owned by 1 person

Question 11

partnership

Answer 11

owned and operated by 2-25 people

Question 12

Registered company

Answer 12

Those jointly owned by 1 or more people is registered with the government

Question 13

rangatiratanga

Answer 13

qualities of a leader in a business such as bringing people together and decision making

Question 14

tikanga

Answer 14

the way of doing business, established rules, guidelines, etc. aligns with business values.

Question 15

putake

Answer 15

the reason a business is established related to business goals

Question 16

turanga

Answer 16

The legal structure of a business eg: partnership, private companies, trusts. However expanded to include systems of governance in cases where businesses are based around communally owned assets eg: land

Question 17

kaitiakitanga

Answer 17

The responsibility of looking after the natural resources of the future.

Question 18

Consumers guarantee act (repair, replace, refund)

Answer 18

A law that states that consumers have legal entitlement to have services carried out with reasonable care , skill, time and quality. The act covers both goods and services.

Question 19

consumers rights in CGA

Answer 19

A right to insist that the seller or service fixes the issue. in serious cases the consumer can demand the resolution of a repair, replacement or refund.

Question 20

Fair trading act

Answer 20

makes it illegal for a business to mislead or deceive customers covering almost all sale types however excluding private sales and garage sales.

Question 21

Health and safety work act

Answer 21

emphasis on management of health and safety at work to prevent safety issues. Requires a constant safe working environment to reduce risk of harm.

Question 22

Hangi master points

Answer 22

• owned by Rewi Spraggon
• service business
• sole trader
• does not own the name Hangi Master
• provides for birthdays, funerals, corporate events, weddings and otherwise sells food out of van
• goal to expand business