Unit 3 AOS 1. CROSSWORD

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Across
  1. 2. The ability to create positive interactions with employees in order to develop beneficial professional relationships.
  2. 6. Disadvantage of a public listed company
  3. 10. Individuals who put money into a business, usually in the hope of gaining a financial return on their investment.
  4. 13. As a participative & lasses-faire management style both have ___________ decision-making, both resultin some loss of management control.
  5. 16. Each a sole trader and a partnership do not sell shares on the _________________ therefore do not have shareholders.
  6. 17. I am an interest of the general community
  7. 19. A potential risk which may arise during a partnership
  8. 21. A management style where the manager seeks the ideas and opinions of employees before they make a final decision.
  9. 24. A stakeholder is ……..is an individual or group that has vested interest in the actions of that business.
  10. 25. True or false? A persuasive management style has one way downwards communication and centralised decision-making. Employees may feel more valued if a persuasive management style is used rather than an autocratic style because they have a little bit of input.
  11. 26. Which management skill involves the transfer of authority and responsibility from a manager to an employee to carry out specific activities. The manager remainsaccountable for the work.
  12. 28. These stakeholders want increased wages and high levels of job security for completing tasks that contribute to the achievement of business objectives.
  13. 29. This is a business which is unincorporated that has a minimum of 2 and a maximum of 20 owners.
  14. 30. Disadvantage of a sole trader
Down
  1. 1. This is an incorporated business (meaning they are their own legal identity that can sue or own assets in their own right) that has a maximum of 50 private shareholders.
  2. 3. Two way communication as the initial objectives and constraints are set, followed by mainly horizontal communication between employees in the team
  3. 4. A management style where the manager and employees come together to make decisions as a team.
  4. 5. Those that purchase goods/services from a business.
  5. 7. A business aims to make a profit that exists primarily to fulfil a mission that benefits the community rather than owners/shareholders.
  6. 8. Both a social enterprise and a government business enterprise each provide a _________ benefit.
  7. 9. The ability to influence and motivate people towards the achievement of business objectives.
  8. 11. Without this a business might not be clear about its objectives or may not achieve its objectives as it will not have considered different alternatives of how to best achieve an objective.
  9. 12. Shareholders have an expectation to make a return on their investment. Name the suitable way that shareholder can make a return on their investment.
  10. 14. Those that oversee and coordinate a business' employees and lead the business with the aim of achieving the business' objectives.
  11. 15. When a business has more revenue than expenses.
  12. 18. Advantage of an autocratic management style
  13. 20. Corporate culture is the ______ values and beliefs of people within a business.
  14. 22. Want to increase revenue to enhance theiroverall profits and therefore want to sell their resources for the highest possible price.
  15. 23. Advantage of a private limited company
  16. 27. The ability to transfer information from one party to another.