u3 aos1 revision

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Across
  1. 8. This type of business is low cost and easy to set up but may be harder to raise finance for
  2. 14. A management style where the manager and employees come together to make decisions as a team.
  3. 15. one interest of these stakeholders include a return on their investment
  4. 17. The extent to which a business achieves its stated objectives.
  5. 19. A management style where the manager leaves the majority of decision-making and authority with employees
  6. 21. Those that provide resources to a business which are then used in the production of a good or service
  7. 22. If ____ is limited when completing a task, an autocratic style may be the most effective
  8. 23. A benefit of this is that it is easier to raise capital
  9. 25. A management style where the manager seeks the ideas and opinions of employees before they make a final decision
  10. 26. A disadvantage of this type of business is the owners have limited control over business operations with an unlimited number of shareholders
  11. 27. A disadvantage of this type of business is that there is a restricted number of shareholders limiting ability to raise capital
  12. 28. This is a business' sales as a percentage of the total sales in the industry.
  13. 29. This management skill is used to inform other key stakeholders about important information
  14. 30. The ability to influence and motivate people towards the achievement of business objectives
Down
  1. 1. The transfer of authority and responsibility from a manager to an employee to carry out specific activities
  2. 2. Benefit of a partnership in setting up
  3. 3. The ability to set a business' objectives and determine strategies for achieving them.
  4. 4. Those that purchase goods/services from a business
  5. 5. Leadership helps ensure employees have a sense of _________ in where the business is going
  6. 6. A bread manufacturer purchasing new technology in order to produce bread more quickly may be trying to achieve which business objective?
  7. 7. Appropriate management style to use when there is a short amount of time available and employees are inexperienced.
  8. 9. Those who are hired by the business to complete work in exchange for a wage or salary, carrying out tasks for the achievement of business objectives
  9. 10. These skills may be needed when using a consultative style to develop positive working relationships and help in generating effective two-way discussion.
  10. 11. The ability to select an appropriate course of action from a range of alternatives
  11. 12. This type of decision-making results in some loss of management control
  12. 13. Disadvantage of a sole trader
  13. 14. Appropriate management style to use when decisions require the knowledge and experience of management but require the support of employees.
  14. 16. An airline reducing their prices to try and attract more customers may be trying to achieve which business objective?
  15. 18. If employees are very ___________, a laissez-faire style may be more appropriate
  16. 20. Business objective when a business seeks to benefit the community
  17. 24. Compared to sole traders and partnerships, a benefit of a public listed company is that the business and owners are not combined, rather it is a...