Across
- 4. Consultative style is a __________ style where the manager seeks the ideas and opinions of employees before they make a final decision
- 6. Within a sole trader business the owner gets to keep ____ of the profit for themselves
- 8. This management style is most appropriate when employees are experts and management do not, or do not need to understand technical issues
- 10. This management style consists of one way communication as well as centralised decision making, where a manager doesn't explain their decisions to employees
- 11. The remaining amount of money after total expenses (costs) of providing their good or service is deducted from their total revenue.
- 13. This stakeholder may have interests like a good value for money and good customer service including after sale service
- 17. How many areas of management responsibility are there?
- 18. A business that exists primarily to fulfil a mission that benefits the community rather than shareholders
- 20. A business whose shares are traded on an open market such as the Australian Stock Exchange (ASX) where members of the public can buy or sell shares in the business
- 25. This type of corporate culture is what a business wants their culture to be, and can be observed in official documents and policies
- 26. Autocratic management has ________ decision-making
- 28. A government run business that aims to provide a service to the community but also aims to make a profit by running under general business principles
- 29. There is a maximum amount of shareholders allowed for a public listed company, true or false?
Down
- 1. A measurement of buisnesses sales as a percentage of the total sales in that market or industry
- 2. This corporate culture is the actual (unwritten) values and beliefs able to be observed within a company
- 3. The stakeholder responsible for managing different areas of a business and ensuring the business is achieving its set objectives
- 5. This management skill allows managers to use their time more efficiently, able to complete more tasks
- 7. 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
- 9. One benefit a business will get from adopting corporate social responsibility practices is they may increase ______ through their attraction of customers with similar values to the business, therefore likely to purchase from them.
- 11. A business which is unincorporated that has a minimum of 2 and a maximum of 20 owners.
- 12. This area of management responsibility has the objective of improving levels of customer service provided by employees
- 14. This area of management responsibility is responsible for the actual production of a product in production factories
- 15. This management skill is the ability to transfer information from a sender to a receiver and to effectively listen to feedback
- 16. A business which has 1 owner who is the sole person legally responsible for the business and has full decision-making authority.
- 19. This stakeholder wants a business to do badly so they have the potential to outperform them
- 21. Public listed companies have ______ liability
- 22. The portion of profits which is distributed to them (the shareholders)
- 23. This area of management responsibility is responsible for determining how much money could be spent on researching and development of a product and its marketing
- 24. A management style where the manager makes decisions and then explains to employees why decisions have been made.
- 27. The CSR consideration, providing flexible working arrangements to help provide a good work-life balance, effects this stakeholder the most