A
Meeting between the applicant and the organisation
What is an interview?
Borrowing money from the bank and repaying it overtime with interest
What is a bank loan?
Recruiting applicants from outwith the organisation
What is external recruitment?
What is a cash budget?
Shows the profit/loss made by the business
What is an Income Statement?
Applicant will be observed by the organisation as they undertake a variety of scenarios
What is an assessment centre?
Items the business must for to keep the business running e.g. electricity
What are expenses?
Financial statement which shows how much the business is worth
What is a Statement of Financial Position?
Putting down a deposit on an item and paying for it in monthly instalments
What is hire purchase?
Organisation which represents workers
What is a trade union?
Long-term debts which the business has e.g. a mortgage
What are non-current liabilities?
What is a business angel?
The ratio which shows how able the business is to pay off their short-term debts minus inventory
What is acid test ratio?
What are non-current assets?
Ratio which shows % of profit made from buying and selling goods
What is gross profit ratio?
A member of staff will sit in on Senior Management meetings to give the opinion of subordinates
What is a Worker Director?
Type of ratios which show how able the business is to pay off their short-term debts
What are liquidity ratios?
Equal number of employees and management meet on a regular basis to discuss how improvements can be made to the workplace
What is a Works Council?
Where the work of the employee is reviewed by someone on the same level of management
What is peer-to-peer appraisal?
Independent body set up to settle industrial disputes
What is ACAS?
The motivation theory which believes there are 5 levels of basic human needs
What is Maslow's hierarchy of needs?
Discriminating an employee because you believe they are gay
What is discrimination by perception?
People who owe the business money
What are trade payables?
The motivation theory which believes there are motivation and hygiene factors
What is Hertzberg's theory?
What is Sage?