Unit 1.4

?
What is Internal Recruitment?
Appointing an existing employee of the business to fill a vacancy.
1 of 12
What is External Recruitment?
Appointing an employee of another business to fill a vacancy.
2 of 12
What are Monetary Benefits?
Additional payments made to employees on top of wages or salaries like bonuses and commission
3 of 12
What Non-Monetary Rewards?
Rewards to employees that do not involve the direct payment of money to them, they are usually call 'fringe benefits'
4 of 12
What is Job Production?
When individual or unique products are made to match the requirements of the customer.
5 of 12
What is Batch Production?
When groups or 'batches' of identical products are made.
6 of 12
What is Operational Efficiency?
Producing goods and services to an acceptable standard with as few resources as possible to keep costs per unit low.
7 of 12
What are Unit Costs?
The average cost of making one product.
8 of 12
What is Specialisation?
Work is divided into seperate tasks or jobs that allow workers to become skilled at one of them.
9 of 12
What is Computerised Stock Control?
The use of computers to keep records of all the stock the business has on its premises.
10 of 12
What is Computer Aided Design (CAD)?
Using computer programs to design products, such as cars, chocolate bars and clothes.
11 of 12
What is Quality Assurance?
Checking the quality of products at various stages of the production line, rather than just checking quality at the end.
12 of 12

Other cards in this set

Card 2

Front

What is External Recruitment?

Back

Appointing an employee of another business to fill a vacancy.

Card 3

Front

What are Monetary Benefits?

Back

Preview of the front of card 3

Card 4

Front

What Non-Monetary Rewards?

Back

Preview of the front of card 4

Card 5

Front

What is Job Production?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Employees and Production resources »