Unit 3 AOS 1

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Across
  1. 3. a business owned by two or more people (generally a maximum of 20)
  2. 5. enterprise a business with the objective of fulfilling a social need
  3. 10. the people who work for the business and who expect to be paid fairly, trained properly and treated ethically in return for their contribution to production
  4. 12. a business owned and operated by one person
  5. 15. the skill to deal or liaise with people and build positive relationships with staff
  6. 16. the behaviour and attitude of the manager when making decisions, when directing and motivating staff, and when implementing plans to achieve business objectives
  7. 17. the degree to which a business has achieved its stated objectives
  8. 18. the abilities or competencies that managers use to achieve business objectives
  9. 20. A management style where the manager tells staff what decisions have been made
  10. 22. the person who has the responsibility for successfully achieving the objectives of the business
  11. 24. how well a business uses resources to achieve objectives
  12. 26. A management style where the employees assume total responsibility for, and control of, workplace operations
  13. 28. the ability to influence or motivate people to work towards the achievement of business objectives
  14. 29. the ability to transfer information from a sender to a receiver, and to listen to feedback
  15. 30. groups and individuals who interact with the business and have a vested interest in its activities
Down
  1. 1. an incorporated business that has a minimum of one shareholder and a maximum of 50 non-employee shareholders, and whose shares are offered only to those people whom the business wishes to have as part owners
  2. 2. what is left after business expenses have been deducted from money earned from sales (revenue)
  3. 4. management style one where the manager unites with staff to make decisions together
  4. 6. a desired outcome or specific result that a business intends to achieve
  5. 7. the ability to define business objectives and decide on the methods or strategies to achieve them
  6. 8. the obligations a business has over and above its legal responsibilities to the wellbeing of employees and customers, shareholders and the community, as well as the environment
  7. 9. management style one where the manager attempts to ‘sell’ decisions made
  8. 11. the proportion of total sales in a given market or industry that is controlled or held by a business, calculated for a specific period of time
  9. 13. the people who purchase goods and services from the business, expecting high quality at competitive prices
  10. 14. the ability to identify the options available and then choose a specific course of action from the alternatives
  11. 19. the values, ideas, expectations and beliefs shared by members of the business
  12. 21. an incorporated business with a minimum of one shareholder (and no maximum), and whose shares are openly traded on the Australian Securities Exchange
  13. 23. A management style where the manager consults employees before making decisions
  14. 25. the ability to transfer authority and responsibility from a manager to an employee to carry out specific activities
  15. 27. businesses or individuals who supply materials and other resources to a business so that it can conduct its operations