Chapter One - Large Scale Organisations in Context Flashcards
Infrastructure
Highways, railways, airports, communications systems, education and health facilities, water, gas and electricity supplies
Innovation
A process that occurs when something already established is improved upon
Invention
The development of something new
Balance of payments
A record of a country’s trade and financial transactions with the rest of the world
Government business enterprise
An organisation that is government owned and operated
Globalisation
The effect of hi-tech communications, lower transport costs and unrestricted trade and financial flows turning the whole world into a single market, producing a more integrated global economic system
Shareholder
Any person who owns a share in a company
Corporation (or company)
An organisation owned by shareholders that aims to make a profit
Multinational corporation
An organisation owned and based in one country, and operates in many countries throughout the world
Large-scale organisation
On that employs 200 people more people, earns revenue in the millions, or has assets of more than $200 million
Organisation
Two or more people working together to achieve an objective
Board of Directors
A group of individuals that are elected as, or elected to act as, representatives of the stockholders to establish corporate management related policies and to make decisions on major company issues
Managing Director
The chief executive or most senior employee of a company or a department of a company
Government Department
A sector of a national or state government that deals with a particular area of interest
Not-for-profit organisation
A nonprofit organization or organisation (see spelling differences) (NPO, also known as a non-business entity) is an organization whose purposes are other than making a profit. A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view.
