Unit 2 - People in business Flashcards

(53 cards)

1
Q

Motivation

A

is the reason why employees want to work hard and work e ectively for the business

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2
Q

Wage

A

is a payment for work, usually paid weekly

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3
Q

Time rate

A

is the amount paid to an employee for one
hour of work

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4
Q

Piece rate

A

is an amount paid for each unit of output

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5
Q

Salary

A

payment for work, usually paid monthly.

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6
Q

Bonus

A

is an additional amount of payment above basic
pay as a reward for good work

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7
Q

Commission

A

is payment relating to the number of sales made

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8
Q

Profi t sharing

A

is a system whereby a proportion of the
company’s pro ts are paid out to employees

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9
Q

Job satisfaction

A

is the enjoyment derived from feeling that you have done a good job

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10
Q

Job rotation

A

involves workers swapping around and
doing each speci c task for only a limited time and
then changing around again

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11
Q

Job enrichment

A

involves looking at jobs and adding tasks that require more and/or responsibility

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12
Q

Team-working

A

involves using groups of workers and allocating speci c tasks and responsibilities to them

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13
Q

Training

A

is the process of improving a worker’s skills

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14
Q

Promotion

A

is the advancement of an employee in an organisation, for example, to a higher job/managerial
level

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15
Q

Organisational structure

A

refers to the levels of
management and division of responsibilities within an
organisation

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16
Q

Organisational chart

A

refers to a diagram that outlines
the internal management structure

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17
Q

Hierarchy

A

refers to the levels of management in any
organisation, from the highest to the lowest.

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18
Q

A level of hierarchy

A

refers to managers/supervisors/other employees who are given a similar level of responsibility in an organisation

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19
Q

Chain of command

A

is the structure in an organisation which allows instructions to be passed down from senior management to lower levels of management

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20
Q

The span of control

A

is the number of subordinates working directly under a manger

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21
Q

Directors

A

are senior managers who lead a particular department or a division of a business

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22
Q

Line managers

A

have direct responsibility for people below them in the hierarchy of an organisation

23
Q

Supervisors

A

are junior managers who have direct control over the employees below them in the organisational structure

24
Q

Sta managers

A

are specialists who provide support, information and assistance to line managers.

25
Delegation
means giving a subordinate the authority to perform particular tasks
26
Leadership styles
are the dierent approaches to dealing with people and making decisions when in apposition of authority - autocratic, democratic and laissez-faire
27
Autocratic leadership
is where the manager expects to be in charge of the business and to have their orders followed
28
Democratic leadership
gets other employees involved in the decision-making process
29
Laissez-faire
leadership makes the broad objectives of the business known to employees, but then they are left to make their own decisions and organise their own work
30
Recruitment
process from identifying that the business needs to employ someone up to the point at which applications have arrived at the business
31
Job analysis
identies and records the responsibilities and tasks relating to a job
32
Job description
outlines the responsibilities and duties to be carried out by someone employed to do a specic job
33
Job specication
is a document which outlines the requirements, qualications, expertise, physical characteristics, etc., for a specied job
34
Internal recruitment
is when a vacancy is lled by someone who is an existing employee of the business
35
External recruitment
is when a vacancy is lled by someone who is not an existing employee and will be new to the business
36
induction training
is an introduction given to a new employee, explaining the business's activities, customs and procedures and introducing them to their fellow workers
37
On-the-job training
occurs by watching a more experienced worker doing the job
38
Off-the-job training
involves being trained away from the workplace, usually by specialist trainers.
39
Workforce planning
is establishing the workforce needed by the business for the foreseeable future in terms of the number and skills of employees required
40
Dismissal
is when employment is ended against the will of the employee, usually for not working according to the employment contract
41
Redundancy
is when the employee is no longer needed and so loses their job. It is not due to any aspect of their work being unsatisfactory
42
A contract of employment
is a legal agreement between an employer and an employee, listing the rights and responsibilities of workers
43
Communication
is the transferring of a message from the sender to the receiver, who understands the message
44
A message
is the information or instructions being passed by the sender to the receiver
45
Internal communication
is communication between members of the same organisation
46
External communication
is communication between the organisation and other organisations or individuals
47
The transmitter or sender of the message
is the person starting o the process by sending the message
48
The medium of communication
is the method used to send a message, for example, a letter is a method of written communication and a meeting is a method of verbal communication
49
One-way communication
involves a message which does not call for or require a response
50
Two-way communication
is when the receiver gives a response to the message and there is a discussion about it
51
Formal communication
is when messages are sent through established channels using professional language
52
Informal communication
is when information is sent and received casually using everyday language
53
Communication barriers
are factors that stop eective communication of messages