Business Studies Key Term Cards

Business Studies key terms for 3.4 and 3.5

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  • Created by: Jade
  • Created on: 25-04-13 09:31
Organisation
The way in which a business is structured for it to achieve its objetives.
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Organisation Chart
A diagram which shows the internal structure of an organisation.
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Hierarchy
Structure of different levels of authority in a business organisation, one on top of the other.
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Line manager
Employee who is responsible for overseeing the work of others further down the hierarchy of an organisation.
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Function
Tasks or jobs. Organisation by function means that a business is organised according to tasks that have to be completed, such as production or finance.
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Authority
The right to decide what to do in a situation and take command of it, to be able to make decisions without referring to anyone else.
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Subordinate
Workers in the hierarchy who work under the control of a more senior worker.
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Chain of command
The path (or chain) down which orders (or commands) are passed. In a company, this goes from the board of directors down to the other workers in the organisation.
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Delayering
Removing layers of management and workers in a hierarchy so that there are fewer workers in the chain of command.
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Empowerment
Giving more responsibility to workers further down the chain of command in a hierarchy.
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Downsizing
When a business employs fewer workers to produce the same amount through increases in productivity which can be achieved through delayering.
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Span of control
The number of people who report directly to another worker in the organisation.
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Delegation
Passing dw
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Other cards in this set

Card 2

Front

Organisation Chart

Back

A diagram which shows the internal structure of an organisation.

Card 3

Front

Hierarchy

Back

Preview of the front of card 3

Card 4

Front

Line manager

Back

Preview of the front of card 4

Card 5

Front

Function

Back

Preview of the front of card 5
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