Australian Legal System (Chapter 1 & 2)
* law is a set of legal rules that govern, how a community works
- helps us live together
- eliminates anarchy
* law is required to regulate behaviour of the individual to correspond with what is acceptabl
Organisational behaviour study of individuals and groups inside organisation, why people act the way they do? Theoretical foundation of human
what is an organisation? Group of people working collaboratively and interdependently to work
What are information systems?
Why are they important to the business?
convenience, efficiency, hold data, stability, faster
Human Resource Management (HRM)
important for hiring and firing
recruitment: information system finds applicati
Economists two fundamental facts = 1. Individuals and institutions that constitute our society have virtually unlimited materials wants. 2. Limited resources we can use to satisfy those
wants with (land [rent], capital [interest], labour [wages] and entre
Managers are individuals who work in an organisation directing and overseeing the activities of other people. Managers are usually classified as top (CEO), middle (Project leader, Store Manager) or firstline (Team Leader, Supervisor). Management is the pr
Marketing is the activity, set of institutions and processes for creating, communicating, delivering
and exchanging offerings that have value for customers, clients, partners and society at large.
Marketing is about exchange, understanding competition, an
Test Item File 3: Principles of Macroeconomics
Gross Domestic Product
Define GDP in broad terms.
GDP stands for Gross Domestic Product. It represents the total market value of a
Motivating and empowering workforce a key challenge is to motivate with an ageing population, when there are labour shortages and with mobile workforces, organisations need to
understand how to motivate and empower employees in order to attract and retain