L4 End of Year

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Across
  1. 5. Allows employers to hire employees without any guaranteed hours of work.
  2. 9. The inputs that businesses use to provide their goods or services.
  3. 10. Anyone interested in what a business does.
  4. 14. A target for a business to achieve.
  5. 15. A limited liability company whose shares can be bought the stock market.
  6. 16. The percentage of workers who stay in a business over a period-of-time, e.g. a year.
  7. 18. The quantity of goods or services produced by an employee in a period of time.
  8. 20. Someone who buys a product or service.
  9. 21. Items that we can survive without.
  10. 25. A legal agreement between partners.
  11. 26. An annual form of pay split into twelve monthly instalments.
  12. 27. When a LTD becomes a PLC and sells shares on the stock market.
  13. 29. When two or more employees agree to share the responsibilities of a single job
  14. 30. An intangible product.
  15. 31. An organisation with many layers of management in the hierarchy and narrow span of control.
  16. 32. A shareholders portion of company profits.
  17. 36. Wages paid based on the number of products made.
  18. 37. An owner of a PLC or LTD.
  19. 38. A factor of production - where a business is located and natural resources used.
  20. 41. An organisation with few layers of management in the hierarchy and wide span of control.
  21. 42. When an employee works fewer 35 hours per week.
  22. 43. The reasons why people work.
  23. 44. Where the personal possessions of business owners can be sold to pay business debts.
  24. 46. Filling a position of employment with a candidate from outside of the company.
  25. 47. Removing a level of management from the organisational hierarchy.
  26. 49. Someone who uses a good or service.
  27. 51. When a vacancy is filled from within the existing workforce.
  28. 52. A legal document stating hours of work, pay, holiday entitlement and conditions.
  29. 55. When two or more people jointly own and run a business.
  30. 57. Sets out the qualifications, skills and experience needed to do a job.
  31. 58. A limited liability company whose shares cannot be bought the stock market.
  32. 59. A higher rate paid when employees work additional hours.
  33. 60. The way employees within a business are arranged.
  34. 61. A surplus of revenue over costs.
Down
  1. 1. A subordinates immediate superior.
  2. 2. A factor of production – Equipment and machinery used in production.
  3. 3. A general rise in prices in an economy.
  4. 4. where decision making responsibility is distributed throughout an organization.
  5. 6. The cost of the next best alternative foregone up when a decision is made.
  6. 7. The sector of industry that provides service, e.g. marketing, law or consultancy.
  7. 8. The sector of industry concerned with making products, e.g. construction.
  8. 11. Where most important decisions are made by a small group of senior managers.
  9. 12. The number of layers of management within an organisation.
  10. 13. A physical product.
  11. 17. A factor of production - the number and skills of business employees.
  12. 18. The sector of industry that extracts and produces raw materials, e.g. farming.
  13. 19. Usually paid weekly and based on an agreed number of hours worked.
  14. 22. When an employee works between 35 and 40 hours per week.
  15. 23. The number of subordinates a manager is responsible for.
  16. 24. The collection and interpretation of information about a job.
  17. 28. A business that tries to help society rather than make a profit.
  18. 33. The passing of authority from a manager to a subordinate to complete a task.
  19. 34. The process of finding and appointing new employees.
  20. 35. Choosing the right employee from those who applied for a job.
  21. 39. The lowest amount that an employer can legally pay an employee aged 21 or over.
  22. 40. States information about the duties and tasks that make up a particular job.
  23. 45. A business set up and run by one person.
  24. 48. Someone willing to take risks to start a business.
  25. 50. Financial reward for achieving a target.
  26. 53. The lowest amount that an employer can legally pay an employee aged 20 or under.
  27. 54. The cost of borrowing or reward for saving money.
  28. 56. A factor of production - the skills of entrepreneurs who create businesses.