VCE BM U3 AOS1 Vocabulary

a manager making decisions and directing employees without any input from them

goals a business intends to achieve

one person having concentrated authority to make decisions

a manager's ability to clearly exchange information with employees and relevant stakeholders

the direction of the transfer of information between managers and employees

the portion of profits a business pays to the government for public services such as the police, courts and fire services

the terms that an employee and employer agree to including job responsibilities, hours of work, dress code and leave entitlements

a manager seeking input from employees on business decisions but making the final decision themselves

the shared values and behaviours practised by managers and employees within a business

the ethical conduct of a business beyond legal obligations to improve the social, economic and environmental outcomes of stakeholders