Operations
Definition of Operations
What is the processes that involve the transformation or production?
Planning and monitoring of financial resources to achieve objectives
Marketing Approach
What is production, selling and marketing?
Management of the relationship between employer and employee
What is human resource management?
Length of the HSC Exam
The cost advantages that can be created because of an increase in the scale of business operations
What is Economies of Scales?
Long term source of borrowing
What is mortgage, debentures, unsecured notes, leasing?
The promotion mix
Organisations formed to represent employees to improve conditions
What is trade unions?
First component of a business report
What is an executive summary?
3 Advantages and 3 Disadvantages of outsourcing
Advantages: simplification, efficiency, cost saving, accountability, access to skills/resources, building competencies
Disadvantages; cost, communication, lost of control, hierarchies, organisational change, vulnerability, information technology
Define liquidity
What is the extent to which a business can meet its financial commitments in the short term (less than 12 months)?
Official definition of CSR
Cannot say triple bottom line
What is open and accountable business actions based on respect for society, and the environment, beyond compliance with the law
Fair Work Act (2009) established this
What is the Fairwork Commission?
Length of time to complete short answer
What is an hour and 15 minutes?
Four input costs
What is;
- Facilities
- Land
- Resources
- Interest on investment
- Leases on machinery
- Installation and testing
total liabilities ÷ total equity
What is debt to equity ratio?
Refers to the environment which the service will be delivered
What is physical evidence?
A decrease in absenteeism may reflect a positive one of these.
What is corporate culture?
Essay verbs in 2023 HSC Business Studies exam
What is 'To what extent?'
quality, speed, dependability, flexibility, customisation, cost
What are performance objectives?
Functions as the market operator, clearing house and payments system facilitator
What is Australian Securities Exchange?
Refers to the long term, broad aims affecting all key business areas
What is strategic?
the employment contract – common law (rights and obligations of employers and employees), minimum employment standards, minimum wage rates, awards, enterprise agreements, other employment contracts
What is the current legal framework?
Number of students in Business Studies at KHS
What is 24?