Across
- 5. are organizations consisting of like-minded individuals who come together for a common cause or concern.
- 7. consists of companies controlled by a regional and/or national government, with the main aim being to provide essential goods and services for the general publi
- 10. a type of training, is intended for new employees in order to help them acclimatise with the people, policies and processes of the organization.
- 12. are for-profit social enterprises that are owned and managed by their members.
- 16. means the extent to which an organization is able to convert its assets (items of monetary value owned by the business) into cash.
- 19. are individuals, organizations or groups with a vested interest in the actions and outcomes of a specific organization.
- 21. is an external growth method that involves two or more organizations agreeing to create a new business entity, usually for a finite period of time but often as an ongoing collaborative partnership
- 22. occurs when a line manager entrusts and empowers a subordinate with authority to successfully complete a particular task, project or role.
- 25. refers to the value, decisions, and actions taken by a business that impact society in a positive way.
- 26. is an external source of finance that involves raising small amounts of money from a large number of people to fund a particular business project or venture.
Down
- 1. costs of production are items of a firm's expenditure that change with the level of output.
- 2. occurs when an organization removes one or more layers in its hierarchical structure,
- 3. are the possessions of a business that have a monetary value
- 4. is a type of financial payment system that rewards workers a certain percentage of the sales of each good or service that they are responsible for completing
- 6. is a banking service that enables customers (personal and business customers) to withdraw more money from their account than exists in the account.
- 8. are the methods used by an organization to meet specific and measurable goals.
- 9. refers to an increase in the size of a business and its operations.
- 11. is a commercial business that strives to earn a profit for its owners. It is owned by two or more people.
- 13. is the delegation of decision-making power to workers, thereby helping to boost their morale.
- 14. are the payments from a company’s profit (after interest and tax) paid to the shareholders (owners) of the company.
- 15. are the direct costs of production, such as the cost of raw materials, component parts, and direct labour.
- 17. this leadership style sees employees as family members, making decisions they believe are in the best interest of the workforce (or family).
- 18. s a short-term liquidity ratio used to calculate the ability of an organization to meet its short-term debts (within the next twelve months of the balance sheet date)
- 20. involves a company purchasing a controlling interest (majority stake) in another company.
- 23. refers to the value of the owners' stake in the business, i.e., what the business is worth at the time of reporting the balance sheet
- 24. refers to administrative systems within an organization. This includes the formal policies and procedures of the business