Show:
Setting Up A Business
Manufacturing
Business Basics
Recruitment
Management
100
Being legally responsible for all debts and damage related to the business. Owner may have to sell personal assets to pay a business debt.
What is unlimited liability?
100
This product can be touched physically, smelled, and felt with your fingertips. For example: a car, a pen, a dress.
What is a tangible good?
100
A company structure based on order of authority which may show managers, departments, and divisions.
What is a hierarchical structure?
100
Specialist who helps professional people like CEO's, company directors, and other senior executives/company heads, find work by introducing them to potential employers.
What is a headhunter?
100
The process of planning, organizing, directing, and controlling the activities of an organization in order to achieve organizational goals.
What is management?
200
This business owner has total independence, keeps all profits from the business, but if he dies, the business will close.
What is a sole proprietor (ship)?
200
The creation of goods and services using land, labour, capital, and entrepreneurship.
What is production?
200
Stages that start with extracting raw materials such as oil or wood, the manufacturing process; transforming raw materials and assembling components, and finally services to support transporting and selling products.
What are the activities of industry(chain of production)?
200
First, advertise the vacancy in the newspaper and on the internet. Next, review CV's(resumés). After that, make a shortlist and then shortlisted candidates are invited for an interview. Next, conduct interviews and finally select a new employee.
What are the recruitment steps?
200
The use of leadership and communication to guide the employees towards well-known and well-defined objectives.
What is (the) directing (step of the management process)?
300
This type of business can sell its shares on the stock market when it needs funds, financial records are available for others (investors) to see, but is difficult and expensive to establish.
What is public corporation?
300
The production rate is one or several products at a time based on customers' orders and specifications. The workforce is usually highly skilled because they usually work on the same product from start to finish, including problem solving.
What is job production(custom manufacturing)?
300
This leads companies to operate more efficiently, encourages companies to produce better products, brings prices down and helps improve customer service.
What is competition?
300
The process of finding people for particular jobs.
What is recruitment?
300
Providing resources, analyzing and classifying activities, and dividing the activities into individual jobs in order to carry out plans and achieve the organization's objectives.
What is (the) organizing (step of the management process)?
400
These owners have unlimited liability, share management duties, resources, and other things related to the business, the business has an unlimited lifespan, but conflicts can ruin the business.
What is a partnership?
400
This operation has short production runs and machines are adjusted frequently to make different products which are based on customers' orders of quantity, size, color, etc.. A large inventory/stock is necessary due to producing a range of products.
What is intermittent processing(lot or batch manufacturing)?
400
Business owned by individuals and shareholders, they want to make a profit, and gain a larger market share and are influenced greatly by competition.
What is the private sector?
400
Employers looked for experience and technical skills, candidates could win a top job by giving the right answers to interview questions, and most people hired whom they liked in the first 5 minutes of an interview instead of the best candidate.
What is the traditional hiring method?
400
time, cost, quality, and quantity
What are (the) factors to be controlled?
500
The status of being an artificial person with authority to act and have liability seperate from its shareholders.
What is legal entity?
500
Machines may run for days or weeks without stopping to make large amounts of identical products. Mechanization and automation are widely used but unfortunately, the workers tend to get bored due to repetitive tasks.
What is continuous manufacturing(flow or mass production)?
500
These businesses are owned and controlled by the government and their purpose is to provide services like public transportation and universities for the general good of the country. Unfortunately sometimes employs more people than necessary and then taxes are raised to finance the payrolls.
What is the public sector?
500
This method in modern hiring trends involves getting information about a candidate's personal life and consists of looking for signs of violence, sexual harassment and signs of drug use.
What is a background check?
500
Technical - manager's knowledge of the physical aspects of the job and the daily running of the business. Conceptual - functions that are intellectual in nature. Human relations - the human side of management/relating to others.
What are the skills of a manager?