Unit 1
This refers to the relationship between the employer and the employee
What is Industrial Relations
For any plan to work it must be this acronym
What is SMART
Double points for listing each letter
These are the moral rules and standards that help people to make decisions in a business.
What is Business Ethics
This Acronym is WRC
What is Workplace Relations Commission
Song 1
Blinding Lights - The Weeknd
This illegal action happens when employees leave work in protest against the government's actions
What is Political Strike
This is known as participative leadership which encourages employees to participate in decision making in the business.
What is Democratic Leadership
The owner(s) of a business are personally liable for all business debts if the business becomes bankrupt. This means that the owners' private savings might have to be used or their property be sold to pay for the debts if the business fails
What is Unlimited Liability
This acronym is EGM
What is Extraordinary General Meeting
Song 2
Stay - Kid Laroi JBiebs
What term describes the failure of one party to fulfill their obligations under a contract?
What is Breach of Contract
This is is the minimum number of people needed to hold meetings or make decisions during certain company meetings
What is a Quorum
This economic system has little or no government involvement. Businesses provide goods and services to satisfy consumers' needs and wants.
What is Free Enterprise
This acronym is CPI
What is Consumer Price Index
Song 3
As it Was - Harry Styles
This stakeholder cares about how company does, if its hiring people, if its paying tax etc
What is the Government
This is a set of procedures used to check work completed to ensure it meets the standards set
What is Quality Control
This COMMUNITY DEVELOPMENT programme is an EU-funded programme that aims to provide local communities with the resources needed to:
•Reduce poverty
•Increase social inclusion
•Promote economic development.
What is Leader Programme
This acronym is known as BEP
What is Break Even Point
Song 4
When a contract is breached, what is the legal term for the financial compensation awarded to the innocent party to make them whole?
What is Damages
This is a willingness to do something.
It is what drives people and encourages them to work to achieve their goals
What is Motivation
This is the human effort needed to provide goods and services. A business needs workers with a wide range of skills and expertise to run the firm effectively.
Its reward begins with W
What is Labour
This acronym is LEO
What is Local Enterprise Office
Song 5
Stick Season Noah Kahan