1.4
Stakeholders
Stakeholders
Customers, suppliers, government and banks and other creditors.
What is an External Stakeholder
The worldwide web of communication links between computers.
What is the internet.
Expansion of businesses by means of opening new branches, shops of factories(AKA Organic Growth.)
Who is Internal Growth
A specific and temporary activity with a start and end date, clear goals, defined responsibilities, and a budget.
In 2010 the New Orleans Saints defeated the ______ in the Super Bowl. (hint: the team was quarterbacked by Peyton Manning)
Who are the Indianapolis Colts
Employees, managers, shareholders
What is an Internal Stakeholder
The number of people in the economy willing and able to work who can not find employment.
What is unemployment
Business expansion achieved by means of merging with or taking over another business, from either the same or different industry.
Why is external growth
A diagram that sets out the options connected with a decision and the outcomes and economic returns that may result.
Um Ummm um whats a Decision Tree
Each year the National Hockey League the final two teams compete in the _____ ___ Finals. (hint: its the name of the trophy the winning teams gets)
What is the Stanley Cup Finals?
The view that businesses and their managers have responsibilities to a wide range of groups, not just shareholders.
What is the Stakeholder Concept
The rate of change in the average level of prices.
What is inflation?
Reductions in a firm's unit(Average) costs of production that results from an increase in the scale of operations.
How is economies of scale?
The likely financial result od an outcome obtained by multiplying the probability of an event occurring by the forecast economic return if it does occur.
What is Expected Value
A duel between 3 people?
What is a truel?
To resolve industrial disputes between workers and managers.
Arbitration
Analyzing Technological, Legal, Social, Environmental, Political, Ethics, and economic factors.
What is a STEEPLE analysis
The maximum output that can be achieved using the available inputs, this scale can only be increased. the long term by employing more of all inputs.
What is scale of operations.
An analytical process used to map the opposing forces within an environment (such as a business) where change is taking place.
whaaaat is a Force-field analysis
Who makes it, has no need of it.
Who buys it, has no use for it.
Who uses it can neither see nor feel it.
What is it?
What is a Coffin?
To reduce conflict between workers and shareholders over the allocation of profits and to share the benefits of company success.
What are Profit Sharing Schemes
The use of computers and computer-controlled machinery to speed up the production process and make it more flexible.
What is computer-aided manufacturing (CAM)?
Using barriers to free trade, such as tariffs and quotas, to protect a country's own domestic industries.
Which is Protectionism!
A visual representation of a project schedule in which a series of horizontal lines shows the amount of work planned in certain periods of time.
What is a Gantt Chart
What has hands but can not clap?
What is a clock?