Large scale organisations Flashcards
(21 cards)
Large-scale organisation
Employs 200 or more people, earns revenue in the millions, or has assets of more than $200 million
Multi national corporation
Is owned and based in one country and operates in many countries throughout the world
Organisation
Is two or more people working together to achieve an objective
Board of directors
Is a body of elected or appointed members who jointly oversee the activities of a company or organisation
Managing director
The most senior corporate officer, executive, or administrator in charge of managing the organisation.
Corporation
Is owned by shareholders and aims to make a profit
Shareholder
Is any person who owns shares in a company
Government business enterprise
Is government owned and operated
Government departments
Exist in all three levels of government (federal,state and local). The provide essential community services such as health education and welfare.
Not for profit organisation
An organisation who’s main purpose is to provide goods, services
Not for profit organisations
A type of organisation that does not earn profits for its owners
Economic growth
an increase in the amount of goods and services produced per head of the population over a period of time.
Export
Send goods or services to another country
Import
Bringing in good and services from another country
Balance of payments
Is a record of countries trade and financial transactions with the rest of the world.
Invention
Is the development of something new
Innovation
Occurs when something already established is improved upon
Infrastructure
Refers to highways, railways, airports, communications systems, education and health facilities, water, gas and electricity supplies
Globalisation
Is the effect of high 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
Unions
Unions represent employees attempting to negotiate fair pay and work conditions on the employees behalf.
Conflict of interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial interest, or otherwise, one of which could possibly corrupt the motivation of the individual or organization.
