Mock kirp 2 Flashcards

(5 cards)

1
Q

Recruitment process

A
  • Identifying a vacancy (or a need to replace somebody)
  • Creating a job description
  • Advertising the job (within the business or externally)
  • Shortlisting applicants
  • Interviews and assessments
  • Appoint or readvertise
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Pros and cons of a joint venture

A
  • Shared resources and knowledge
  • New market access
  • Loss of control
  • Culture clash
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Critical path analysis

A

A project management tool used to identify the order of tasks that determine the minimum time needed to complete a project.

  • Helps allocate resources
  • Increases efficiency
  • Based on predictions
  • Doesn’t account for external factors
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Too high capacity utilisation means..

A
  • Not much flexibility in the business, inability to adapt to changes
  • Can lead to burnout for employees, meaning lower quality products
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Too low capacity utilisation means..

A
  • Higher cost per unit as resources aren’t being used (staff have nothing to do, idle machinery, many empty seats at a stadium) NOT EFFICIENT, WASTED RESOURCES
How well did you know this?
1
Not at all
2
3
4
5
Perfectly