Understanding business activity Flashcards
1
Q
What is a stakeholder?
A
any person with a direct interest in the
performance of a business
2
Q
Autocratic Leader
A
where the manager expects to be
in charge of the business and expects to have their
orders followed with no questions asked
3
Q
Laissez-Faire Leader
A
Where the manager makes
broad/general objectives for the employees and
leaves them to make their own decisions.
4
Q
Trade union
A
– a group of workers that join together to
protect their interests
5
Q
Recruitment
A
the process from identifying that a
business needs to employ someone, to the point where
applications have arrived at the business
6
Q
what is wage
A
Wage is a payment for work, usually paid weekly
7
Q
what is time rate
A
Time rate is the amount paid to an employee for one hour of work
8
Q
A
