Section-2 People in business Flashcards
(55 cards)
What is motivation in the context of employees?
The reason why employees want to work hard and work effectively for the business.
What is a wage?
A payment for work, usually paid weekly.
What is a time rate?
The amount paid to an employee for one hour of work.
What is a piece rate?
The amount paid for each unit of output.
What is a salary?
Payment for work, usually paid monthly.
What is a bonus?
An additional amount of payment above basic pay as a reward for good work.
What does commission relate to?
Payment relating to the number of sales made.
What is profit sharing?
A system whereby a proportion of the company’s profits are paid out to employees.
What is job satisfaction?
The enjoyment derived from feeling that you have done a good job.
What is job rotation?
Workers swapping around and doing each specific task for a limited time.
What does job enrichment involve?
Adding tasks that require more responsibility to jobs.
What is team-working?
Using groups of workers and allocating specific tasks and responsibilities to them.
What is training?
The process of improving a worker’s skills.
What is promotion?
The advancement of an employee in an organisation to a higher job/managerial level.
What does organisational structure refer to?
The levels of management and division of responsibilities within an organisation.
What is an organisational chart?
A diagram that outlines the internal management structure.
What is hierarchy in an organisation?
The levels of management from the highest to the lowest.
What is a level of hierarchy?
Managers/supervisors/other employees with a similar level of responsibility.
What is the chain of command?
The structure allowing instructions to be passed down from senior management.
What is the span of control?
The number of subordinates working directly under a manager.
Who are directors in an organisation?
Senior managers who lead a particular department or division.
What are line managers responsible for?
Direct responsibility for people below them in the hierarchy.
What role do supervisors play?
Junior managers who have direct control over employees below them.
What are staff managers?
Specialists who provide support and assistance to line managers.