Chapter One - Large Scale Organisations in Context Flashcards Preview

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Flashcards in Chapter One - Large Scale Organisations in Context Deck (20):
1

Infrastructure

Highways, railways, airports, communications systems, education and health facilities, water, gas and electricity supplies

2

Innovation

A process that occurs when something already established is improved upon

3

Invention

The development of something new

4

Balance of payments

A record of a country's trade and financial transactions with the rest of the world

5

Government business enterprise

An organisation that is government owned and operated

6

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

7

Shareholder

Any person who owns a share in a company

8

Corporation (or company)

An organisation owned by shareholders that aims to make a profit

9

Multinational corporation

An organisation owned and based in one country, and operates in many countries throughout the world

10

Large-scale organisation

On that employs 200 people more people, earns revenue in the millions, or has assets of more than $200 million

11

Organisation

Two or more people working together to achieve an objective

12

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

13

Managing Director

The chief executive or most senior employee of a company or a department of a company

14

Government Department

A sector of a national or state government that deals with a particular area of interest

15

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.

16

Exports

A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output.

17

Imports

A good or service brought into one country from another

18

Unions

A group of workers joined together in a specific type of organization for the purpose of improving their working conditions as well as to help in promoting the common interests of the group

19

Conflict of interest

Any situation in which an individual or corporation (either private or governmental) is in a position to exploit a professional or official capacity in some way for their personal or corporate benefit.

20

Economic Grwoth (as measured by GDP)

A measure of economic growth from one period to another expressed as a percentage and adjusted for inflation (i.e. expressed in real as opposed to nominal terms ). The real economic growth rate is a measure of the rate of change that a nation's gross domestic product (GDP) experiences from one year to another.