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