basic business vocab and concepts

A company can also be known as a(n)

• firm

• enterprise

• corporation

• all of the above

Shareholders

• lead the company

• own the company

• are remunerated by the company

• none of the above

The leadership of the company

• owns the company

• runs the company

• decides the strategy

Company leaders today are supposed to be _____ or ______

• autocratic

• inclusive
  or democratic

• laissez-faire

• transformational

The top manager of the company is called

• the COO

• the chairman

• the director

• the CEO

The board of a company

• is made up of
  regular staff

• votes on strategic decisions

• includes a shareholders' representative

• includes key directors

The board of the company makes strategic decisions for the company and is led by

• the employees

• the CEO

• the Chairman

• the boss

In the company, Human Resources does

• the hiring

• the training

• the payroll

• all of the above

The people working for the company are known as

• the staff

• the workers

• employees

• the personnel

In return for their work, employees receive

• a salary

• wages

• revenues

• pay