Production
Name a product that is graded
What is beer,eggs,fish,coffee,meat,milk,honey
Name a function of human resources
The labour market
Determine the need for a new employee
Looking for the right employee
The application process and interview
Job training
Keeping good employees
Handling compensation
Health and safety
What's the role of management?
what is: planning, organizing, leading and controlling.
What are the two major concepts?
Product concept and market concept
What is accounting?
Process of recording, analyzing and
interpreting the economic activities of a
business
What are the four stages of production?
what is: 1.purchasing 2. processing 3. quality control 4. grading
Name the four types of training
Initial training
Ongoing training
Retraining
Specialized training
What are the three levels of management
what is: top,middle and lower management
What is the role of marketing?
to sell products and manage a businesses brand.
Name 2 purposes of accounting
assist decision making
communicate financial status
comply with the law
ensure control of assets
systematic recording
plan future activities
Name 2 ways to increase productivity
what is: Training, Capital investment, Investment in technology,New inventory system
Name 3 roles of human resources
plan, oragnaize,recruit, interview, and hire new staff; consult with top executives on strategic planning ,coordinate, direct the administrative functions of an organization
Name the 4 management styles
Authoritarian,Democratic,visionary and laissez-faire
What are the 4 P's of marketing?
What is Product,Promotion,Placement and Price?
What are the 3 types of financial statements?
Balance sheet,Income statement and Statement of cash flow
What is: The main role of purchase departments help keep organizations financially healthy. They procure goods and services designed to meet operational needs while providing the highest possible value.
What is a 2 weeks notice?
A two weeks' notice letter is a document that details your coming departure to your supervisor and helps them find your replacement or delegate your responsibilities to others.
What is the role of upper management and give an example.
Set long term goals, such as developing new products, entering new markets, and selling off part of the business and examples include ceo's and cfo's.
Name a brand, its slogan and its price
coca-cola, "taste the feeling" and a price of coke is 2.34$
list 3 assets and 3 liabilities
assets: cash,vehicles,property,equipment,patents
liabilities: taxes,loans, accounts payable, wages,bonds,warrenties
Whats the difference between quality control and quality assistance.
QC is a set of activities for ensuring quality in products. The activities focus on identifying defects in the actual products produced. QA aims to prevent defects with a focus on the process used to make the product
Whats the difference between a severance package and pension.
a severance package is is pay and benefits employees may be entitled to receive when they leave employment at a company unwillfully and a pension is is a fund into which a sum of money is added during an employee's employment years.
Why would a business use a democratic management and not laissez faire?
better ideas, everyone is included and heard
What's the difference between direct and indirect competition
direct competition is when products are related and indirect competition is when products are not.
What's the differnce between assets and liabilities?
assets are what a company owes while liabilities are what a company owns.