Flashcards
Business Chapter 13 Flashcrads
Cards in this deck (20)
- 1Motivationis the reason why employees want to work hard and work effectively for the business.
- 2F.W. Taylor theoryIdea that all individual are motivated by amount money paid.
- 3WagePayment for work, usually weekly.
- 4SalaryMonthly payment for work.
- 5CommissionPayment relating to number of sales made.
- 6Profit SharingSystem whereby a proportion of the company's profits is paid out to employees.
- 7BonusExtra amount of payment based on good performance.
- 8Performance related PayPayment which is related to the effectiveness of the employee.
- 9AppraisalMethod of assessing the effectiveness of any employee.
- 10Fringe BenefitsNon Financial reward given to employees.
- 11Job SatisfactionThe enjoyment derived from feeling that you have done a good job.
- 12Job RotationWorkers swapping around and doing each specific task for only a limited time and change again.
- 13Job EnlargementExtra task of a similar level of work are added to a worker's job description.
- 14Job EnrichmentInvolves looking at jobs and adding tasks that require more skill and/ or responsibility.
- 15Leadership StyleDifferent to approaches to dealing with people when in a position of authority autocratic, laissez-faire of democratic.
- 16Formal GroupGroup designated to carry out specifics tasks within a business.
- 17Informal groupGroup of people who form independently of any official groups set up within the business and who have similar interests or something else in common.
- 18Autocratic LeadershipWhere manager is in charge of business and to have their orders followed.
- 19Laissez-faire LeadershipMake broad objectives to employees and let them make their own decisions.
- 20Democratic LeadershipInvolves other employees decisions and not just manager.
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- Flashcards on Business Chapter 13 Flashcrads, created by bambookarin on 01/04/2014.
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- bambookarin
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