Key terms Revision Unit three

3. The process of stripping away layers of managment in an organisation
5. companies are required by law to hold this meeting once a year
11. This type of leader is very controlling and often motivates fear and intimidation
13. A communication system which uses computers to transfer information directly from one business to another
15. Responsible for enforcing the 1988and 2003 ACTS
16. This plan sets out the aims and objectives of the business and will provide cash-flow forecasts and profit projections.
17. Some leaders have the abilty to attract, inspire and influence describe the term people
18. Business we owe money to as a result of buying goods on credit
19. Passing on responsibility for certain decisions or outcomes to others
21. A financial plan which sets out the projected income and expenditure for a particular period of time
22. Business that owe us money because we sold them goods on credit or have money loaned to them

1. The term that describes the pathwaysalong which information flows through an organisation
2. This type of leader is more likely to see the opinions of others when making decisions
4. meetings held on an occassion basis to dela with specific issues or problem facing the company.
6. Back up or emergency plans formulated to protect the business
7. a small amonut of safety stock held within the business
8. The hierachy in the business from top to bottom
9. This allows Data to be stored in offsite locations and servers
10. this occurs when a debtor is unable to pay some or alll of the money they owe
12. the term to describe measuring performance by comparing actual outcomes to plans and taking corrective action if necessary
14. The 1988 and 2003 laws protect the person known as what whose information is on file
19. Similar to a large computerised filing system used to store, huge amounts of information which can be updated and manipulated
20. A list of topics for discussion at a meeting