Year 11 Business Studies Revision

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Across
  1. 2. a means by which local councils allocate land for different uses, such as residential, commercial, recreational and industrial
  2. 4. a fixed regular payment, usually paid on a fortnightly or monthly basis but often expressed as an annual sum, made to a permanent employee of a business
  3. 6. the voluntary ending of employment by the employee ‘quitting’ their job
  4. 7. a declaration that a business or person is unable to pay his or her debts
  5. 9. the selling of accounts receivable for a discounted price to a finance or factoring company
  6. 12. Market _________ is when the total market is subdivided into groups of people who share one or more common characteristic
  7. 14. people who are part owners of a company because they own a number of shares
  8. 19. someone who starts, operates and assumes the risk of a business venture in the hope of making a profit
  9. 21. _______ approach stresses the need for flexibility and adaptation of management practices and ideas to suit changing circumstances
  10. 22. ______ refers to an unenthusiastic response to proposed change
  11. 23. when the behaviour of an employee is unacceptable and it then becomes necessary for a business to terminate the employee’s employment contract
  12. 25. a scheme set up by the federal government. It requires all employers to make a financial contribution to a fund that employees can access when they leave or retire from a job.
  13. 27. when a person’s job no longer exists, usually due to technological changes, an organisational restructure or a merger or acquisition.
Down
  1. 1. complete concentration by one business in the industry (e.g. Australia Post)
  2. 3. a distribution of a company’s profits (either yearly or half-yearly) to shareholders that is calculated as a number of cents per share
  3. 5. Quality _______ involves the use of a system so that a business achieves set standards in production
  4. 8. the process of teaching staff how to perform their job more efficiently and effectively by boosting their knowledge and skills
  5. 10. any group or individual who has an interest in, or is affected by, the activities of a business
  6. 11. _______ not is a loan from investors for a set period of time. It is not secured against the business’s assets.
  7. 13. the use of external sources or businesses to undertake business functions or activities for the business
  8. 15. the amount of cash a business has access to and how readily it can convert its assets into cash so that debt can be paid
  9. 16. ________ industry includes services that have traditionally been performed in the home
  10. 17. the ending of the employment relationship
  11. 18. the business’s financial plan for the future
  12. 20. (HR) the process of attracting and recruiting the right staff for roles in a business
  13. 24. a loan secured by the property of the borrower (business)
  14. 26. the process of finding and attracting the right quantity and quality of staff to apply for employment vacancies or anticipated vacancies