is any activity that requires work, either physical or mental.

is any work undertaken for profit.

a person employed in paid work.

an organisation or a person that pays the employees.

when a person is available for work but doesn't have one.

refers to people who work for themselves rather than being employed for anybody else.

a person who works for an organisation but doesn't get paid.

people who are self-employed and own their small businesses.

when two people or more (up to 20) are in business together in order to share both running business and profits

businesses owned by investors (shareholders). They are registered in CRO.

businesses democratically owned by members, who may be workers, suppliers or customers.

Public sector organisation

are owned by the state on behalf of the citizens and provide goods and services.

enterprises set up to provide a service but not profit.

National minimum wage

is lowest pay per hour an adult can be paid, lower pay is illegal.

when a business reduces its own staff numbers and pays outside firms to do work.

reducing number of employees to reduce costs.

working at home for at least part of the week and using Internet to communicate.

useful skills that you can take from one job to another.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

Normal Size Small Size show me how

Business #1

Term	Definition
Work	is any activity that requires work, either physical or mental.
Employment	is any work undertaken for profit.
Employee	a person employed in paid work.
Employer	an organisation or a person that pays the employees.
Unemployment	when a person is available for work but doesn't have one.
Self-employment	refers to people who work for themselves rather than being employed for anybody else.
Volunteer	a person who works for an organisation but doesn't get paid.
Sole traders	people who are self-employed and own their small businesses.
Partnerships	when two people or more (up to 20) are in business together in order to share both running business and profits
Companies	businesses owned by investors (shareholders). They are registered in CRO.
Co-operatives	businesses democratically owned by members, who may be workers, suppliers or customers.
Public sector organisation	are owned by the state on behalf of the citizens and provide goods and services.
Charities	enterprises set up to provide a service but not profit.
National minimum wage	is lowest pay per hour an adult can be paid, lower pay is illegal.
Outsourcing	when a business reduces its own staff numbers and pays outside firms to do work.
Downsizing	reducing number of employees to reduce costs.
E-working	working at home for at least part of the week and using Internet to communicate.
Transferable skills	useful skills that you can take from one job to another.

Created by: Basileus

Popular Business sets

Text and Document Formatting, Arkansas Frameworks

Excel

Personal Characteristics and Skills of a Successful Entrepreneur

Examples of Personal Characteristics and Skills of a successful Entrepreneur

Glossary for Internal Operations of a Large Business

Descriptions of the 5 stages of the Entrepreneurial Process

Entrepreneurial Process Activities

Business Plan Parts

Bus Plan Parts Ex

Bizworld Vocab #1

Unit 1 - Hardware and Software

A4 CBA Excel Vocab

"Know" box contains:
Time elapsed:
Retries: