Financial Control
What is the process of going over records to double-check financial accuracy?
Auditing
Which production method produces one-off, high-quality, labour-intensive products?
Job
What is the number of personnel that a supervisor is responsible for called?
Span of Control
Which quality of leadership involves showing the path through inspiration, communication, or action?
Charisma
What concept ensures a continuing commitment by a business to behave ethically and contribute to economic development?
Corporate Social Responsibility
What is a financial plan for the future known as?
Budget
Which production approach aims to reduce all non-value-adding waste in the production process?
Lean
Which organisational structure is characterised by many levels of management?
Tall
Which leadership style involves leaders making decisions independently with little input?
autocratic
What is the specific act of an organisation giving money or goods to charity?
Philanthropy
What is the term for the difference between the cost budgeted for and the actual cost?
Variance
Producing goods simultaneously using a production line is known as what type of production?
Flow
What is the assignment of authority and responsibility to a subordinate called?
Delegation
Which role or position focuses on creating vision, setting direction, and motivating people
Leadership - CEO
CSR approaches can be rewarded internally by an increase in what staff-related factor?
Staff morale
If money has been underspent compared to the budget, what type of variance has occurred?
Positive or favourable
The production philosophy where no stocks are held and materials are received immediately prior to use is called what?
Just in Time
Keeping major responsibilities at the centre of the organisation is referred to by what term?
Centralisation
Which leadership style, if applied poorly, often leads to poorly defined roles and a lack of motivation
Laissez faire
Doing business in a way that avoids exploitation or profiteering pleases all what?
Stakeholders
What cyclical process involves designing, carrying out, checking, and modifying procedures to minimise mistakes in finance?
Internal control
What type of economy of scale involves being able to buy materials or supplies in bulk?
Purchasing
Which complex self-autonomous structure combines departments to achieve goals and is highly reliant on communication?
Matrix
What style involves leaders adapting their approach based on the culture, task, or subordinates?
Situational leadership
What Maori business concept refers to the "reason for being" and incorporates social, cultural, and environmental sustainability?
Putake