People and Labour
This type of labour involves creative, innovative work like that of scientists or artists.
What is β-labour?
This classic structure is characterized by a clear hierarchy, standardized procedures, and is common in banks or the police.
What is a Bureaucratic Structure?
This market structure is characterized by many firms selling differentiated products.
What is Monopolistic Competition?
Firms involved in extracting natural resources, like mining or agriculture, belong to this economic sector.
What is the Primary Sector?
These fixed assets directly impact the subject of labour, like machinery.
What are Active Fixed Assets?
This form of wage payment calculates earnings as Hourly Tariff Rate / Hourly Output Norm.
What is Piece-Rate Pay?
In this structure, employees report to both a functional manager and a project/product manager.
What is a Matrix Structure?
Products that have started but not completed the production process.
What is Work-in-Progress (WIP)?
This is the minimum amount of property that guarantees the interests of a company's creditors in Russia.
What is the Charter Capital?
This type of asset deterioration is caused by technological progress making old assets obsolete.
What is Obsolescence (Moral Deterioration)?
In Herzberg's theory, these are factors like company policy or salary that prevent dissatisfaction but don't motivate.
What are Hygiene Factors?
Henri Fayol's five core functions of management are summarized by this acronym.
What is POCCC? (Planning, Organizing, Commanding/Leading, Coordinating, Controlling)
This output indicator represents products finished and intended for sale, excluding changes in work-in-progress.
What is Marketable Output (MO)?
These are two internal forms of division of labour in an organization.
What are horizontal and vertical division of labour?
The simplest depreciation method where cost is evenly spread over the asset's useful life.
What is the Straight-Line Method?
One of the two key indicators of labour productivity.
What is Direct Output (W) OR Labour Intensity (t)?
This modern structure is decentralized, customer-centric, based on trust, and fits tech companies and startups.
What is a Post-Bureaucratic Structure?
The universal method to measure a company's diverse output by combining all products into a single aggregate figure.
What are Cost (Monetary) Measures?
In the open system model, a firm's "Output" includes not just products, but also profit and this responsibility to society.
What is Social Responsibility?
This principle states that financial resources are "frozen" and cannot be used for other purposes until the end of their circulation period.
What is Duration of Immobilization?
This indicator is calculated as the sum of daily roster employees divided by the number of calendar days in a period.
What is the Average Headcount Indicator?
This management theory challenged classical views by arguing that productivity is influenced more by group dynamics and managerial attention than by physical working conditions alone
What is the Human Relations Movement?
Name the "7 Rights" of logistics/distribution.
What is the right product, quantity, condition, place, time, customer, cost?
These are 6 common characteristics of all complex organizations.
What are resources, dependence on the external environment, horizontal division of labor, subdivisions, vertical division of labor, (need for) management?
These are four main types of valuation for fixed assets.
What are Initial, Replacement, Liquidation, and Residual Cost?