The duty of an employee to

carry out a task that has been allocated to them to the best of their ability

refers to that employee’s __________.

Managers should establish and set the performance standards for all

activities that are to be carried out in the organisation and against which the

achievement of goals will be measured. 

This describes step __________ of the controlling process.

The price at which money is available on the capital and money markets,

is known as __________.

The wood, water and energy used in the production of goods, are examples

of __________ resources.

Who or what provides the organisation with the raw materials it needs to

create its products and services?

Frederick Taylor’s approach to scientific management __________.

How many of the following

are important characteristics of the bureaucratic management theory?

• There are formal rules and guidelines for employees to follow on the

  job.

• There is a division of duties into smaller, more specialised tasks.

• Job security is guaranteed, provided the employee performs

  satisfactorily.

• Managers should

  operate logically and scientifically regarding all decisions.

Carter’s business purchases products and services to be used in the

manufacturing of other products, which are then sold to the end-consumers.  In other words, Carter purchases these

products and modifies them into something else before selling them.  Which market does Carter trade in?

Joe,

Gina, and Thembi are employees of

The

physical workshop, office space, tools, and machinery of