Summary

Summary - Business studies GSCE human

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Course
Business

Institution
GCSE

Business-GSCE-AQA This document that I have created is the all of the key words you will ever require for human resourses and this was such a live saver as all of the key words were under 3 pages and this will help anyone acheive a good grade for gsce business

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Uploaded on May 3, 2024
Number of pages 7
Written in 2023/2024
Type Summary

delarying
delegation
spam of control
chain of command
full time
hieracheary
job role
job anylalis

Institution
GCSE
Education
GCSE
Course
Business
School year 200

Available practice questions

GSCE Business Studies Business Ownership with advantages and disadvantages

Flashcards 30 Flashcards

CA$5.49 0 sales

Flashcards 30 Flashcards

CA$5.49 0 sales

Some examples from this set of practice questions

What is a sole trader

Answer: A sole trader is a business that is owned and run by a single person and there is only one owner but they may have employees working for them

Does sole traders have limited or unlimited liability

Answer: Sole traders have unlimited liability and the owner is responsible for the debts of the business

What is unlimited liability

Answer: When the business owner or owners are responsible for all the debt of the business

What are some advantages of sole traders

Answer: Advantages of sole traders: -Quick and easy to set up -Low setup cost -Business owner has a lot of control over the business and money

What are some disadvantages of sole trading

Answer: Disadvantages of sole trading: Risk of unlimited liability Involves long working hours and stressful condition High level of responsbility from the owner

What are patnerships

Answer: A patnership is a type of business that has between 2 and 20 owners that decide to set up and run a business between them

What is Deed of Patnership

Answer: A document that is signed by all of the owners of a business setting out the terms they must follow

What are some advantages of a patnership

Answer: Some advantages of patnership include: More capital available to invest, Partners bring more skills and ideas and shared responsbility for debt by the owners

What are some disadvantages of a partnership

Answer: Some disadvantages of a partnership include: Profit have to be shared between the owners, conflict between owners can occur,One partner may let others down by not upholding their responsbility

10.

What is the full form of LTD

Answer: Private limited company

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Application of Knowledge - Step1

Key words for Human Resources Unit
For each term check you know the meaning by writing it in the blank box. If you do not
know it don’t write it. Then Look up the new ones and use a different colour and font
when you write them in. This will help you target the ones you need to learn.

No Term Meaning 
1 Hierarchy Business hierarchy is a term used to
describe the organizational structure
of a company. This includes the
different levels of employment
2 Span of control Members of staff below a manager
in the chain of command.
3 Internal recruitment Filling a job vacancy with an
existing member of staff.
4 External recruitment Filling a job vacancy with an
existing member of staff.
5 Part time work Part time refers to an employee
working for only part of the working
week, or anything less than full time
6 Recruitment The process of finding people to
work for an organisation
7 Organisation chart An organisational structure is how a
business organises its staff to
represent the different layers of
management. There are two main
structures used flat or tall
8 Flat hierarchy A flat structure is an organisational
structure with only a few layers of
management.
9 Zero Hours Contract Zero hours contracts mean that an
employee has no set or guaranteed
hours of work, so for example one
week they may work for five hours
and the next they may work for 30
hours.
10 Outsourcing Outsourcing occurs when a business
pays another firm to produce its
products. This allows the business to
increase its capacity quickly with
minimal investment.
11 Specialisation Job specialization is a process that
occurs when employees gain
knowledge, education, and
experience in a specific area of
expertise.
12 Division of labour The splitting of complex task into a
number of smaller and specialised

, Application of Knowledge - Step1

task
13 Job Role A job role is the specific set of
responsibilities, tasks and
expectations that are assigned to an
individual within an organization
14 Manager A person responsible for managing a
team of employees
15 Line manager Line managers manage employees
that are responsible for the team
development and performance
16 Job responsibility It refers to the task and responsibility
of their roles
17 Tall Hierarchy It has many layers of management,
and businesses with this structure
18 Chain of Command The route by which instructions and
communications flow from the top to
the bottom of a business
19 Authority The power to give orders and to
make decisions and enforce
obedience
20 Delegation A process where tasks are given to
members of staff, where often
managers give tasks to employees
further down the chain of command
21 Level of hierarchy A hierarchical structure has many
layers of management, and
businesses
22 Delayering A process where a business removes
layers of its management to make its
structure flat
23 Tall organisational structure It is a structure with many levels of
managerial layers
24 Laisse faire It is a style of leadership that include
managers letting employees get on
with their job and employees are
allowed to make decisions and solve
problems on their own
25 Management styles A management style is particular
way managers go about completing
their objectives
26 Leadership skills Leadership skill are abilities used in
organising people and teams to reach
a common goal
27 Directors Directors are the people at the top of
business and its organisational
structure and they make key
decisions of the business
28 CEO Chief executive officer and is the
highest-ranking person in company

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