Unit 3
This is when the manager coordinates all business resources, E.g. Employees, capital (money and machinery) and raw materials, into the most effective formation to achieve organisational goals
What is Organising
This is the formula for the Acid Test Ratio
What is Current Assets - Closing Stock:Current Liabilities
This is the formula to find the Breakeven Point
What is Fixed Costs over Selling Price minus Variable Costs
This is the number of countries in the EUROPEAN UNION
What is 27
Song 1
Hello - Adele
These are the 3 types of Leadership style
What is Autocratic Democratic & Laissez Faire
This is when a household or business insures an item with two or more insurance firms.
What is Contribution?
This Pricing Strategy involves charging a deliberately low price when you are launching a new product in the market to attract customers.
What is Penetration Pricing?
What county has the most All Ireland Football Titles
Who is Kerry
Song 2
Sorry - Justin Bieber
This is a back-up plan to take account if a possible future event/ unforeseen event, to prevent the closure of the business or disruption in supply
What is a Contingency Plan?
These are the 4 stages of Teamwork
What is Forming Storming Norming Performing
Examples of end product from this type of production includes Wedding Dresses, Houses and Private Planes
What is Job Production
This famous character said "Is this a dagger which I see before me"
Who is Macbeth
Song 3
Bills - Lunchmoney Lewis
These are 3 roles of a Chairperson at a meeting
What is "Help draw up Notice & Agenda" "Open the Meeting" ""Run Meeting" "Call for Votes" and "Close Meeting"
These are 5 different exampes of Long Term sources of Finance
What is Grants, Debentures/Long Term Loan, Sales & Leaseback, Retained earnings, Equity Capital & Venture Capital
These are 3 methods of Inorganic expansion
What is Takeover, Merger & Strategic Alliance/Joint Venture
This is Ireland's Smallest County
What is Louth
Song 4
Magic - BoB
These are the 5 levels of Maslow in order (Bottom to Top)
What is Physiological Needs, Safety, Social, Esteem and Self Actualisation
These are the 6 functions of a HR manager
What is a HR Planning, Recruitment & Selection, Training & Development, Rewards, Performance Appraisal, Employer/Employee Relationships
These are the 7 steps of New Product Development in Order
What is Idea Generation, Product Screening, Concept Development, Feasibility Study, Prototype Development, Test Marketing & Product Launch
Before Mount Everest was discovered, this was the highest mountain on Earth
What is Mount Everest
Shine - Take That