Management and Leadership 0.0 / 5 ? Business StudiesManagement and LeadershipASAQA Created by: RachelCoates16Created on: 23-10-17 11:06 Getting things done by planning, organising and co-ordinating people and resources Management 1 of 25 Deciding on the direction for a business Leadership 2 of 25 Workers are lazy and have no wish to be involved in decision making Theory X 3 of 25 Employees are consulted but decision making lies firmly at the top Paternalistic 4 of 25 Leaders have little confidence in the abilities of their staff Autocratic 5 of 25 Poor performance is likely to be as a result of boring or monotonous work Theory Y 6 of 25 Workers participate in decision making Democratic 7 of 25 Laissez faire is suitable when workers are what? Highly skilled 8 of 25 Tannenbaum and Schmidt style that delegates decision making Share 9 of 25 Tannenbaum & Schmidt style that is seen as autocratic Tells 10 of 25 Leader with low concern for people and task Impoverished 11 of 25 Blake Mouton style focused on the needs of people Country Club 12 of 25 Tannenbaum & Schmidt style of leadership that makes decisions but will discuss and persuade Sell 13 of 25 Least effective Blake Mouton style Middle of the road 14 of 25 Difference between income and total costs Profit 15 of 25 Another name for revenue turnover 16 of 25 Costs that vary directly with output Variable 17 of 25 An organisation's aims or long term intentions mission 18 of 25 Goals of the organisation Corporate objectives 19 of 25 The cost of borrowing and the return for lending money Interest rate 20 of 25 When interest rates rise, demand for goods and services typically does what? Falls 21 of 25 Factors related to changes in the characteristics of the population Demographics 22 of 25 A demographic factor Age 23 of 25 Price x quantity sold Revenue 24 of 25 Revenue = quantity sold X ? Price 25 of 25
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