Legal Requirements and Financial Considerations (VCE SSCE Business Management): Flashcards
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Practise the cards
10 cards from this deck
Policy definition
Policy definition
Formal written document outlining rules, processes & behaviours
Procedure definition
Procedure definition
Explains how to implement policy in practice (the 'how')
Business routines definition
Business routines definition
Processes regularly practised in a business
Code of conduct definition
Code of conduct definition
Guidelines regulating standards of behaviour in organisation
Recruitment policy main purpose
Recruitment policy main purpose
Promote fair & consistent approaches to recruitment
Health & safety policy purpose
Health & safety policy purpose
Address legal obligations to protect employee wellbeing
Procurement policy purpose
Procurement policy purpose
Ensure value for money, quality goods & reliable service
Emergency management procedures policy requirement
Emergency management procedures policy requirement
Legally required for all businesses
Compliance definition
Compliance definition
Meeting legal and regulatory requirements
What well-communicated policies & procedures create
What well-communicated policies & procedures create
Safe, fair, positive working environments