In relation to the following stakeholders of a business:
(i) explain the term employee - Leaving Cert Business - Question A - 2018
Question A
In relation to the following stakeholders of a business:
(i) explain the term employee.
(ii) explain the term manager.
(B) Describe the relationship that the fo... show full transcript
Worked Solution & Example Answer:In relation to the following stakeholders of a business:
(i) explain the term employee - Leaving Cert Business - Question A - 2018
Step 1
(i) explain the term employee.
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Answer
An employee is an individual who works for an employer in exchange for compensation, such as wages or a salary. They perform specific duties as defined by their employer and are often entitled to various employee benefits.
Step 2
(ii) explain the term manager.
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A manager is a person responsible for overseeing and coordinating the operations of an organization or a group of staff. They ensure that organizational goals are met and often handle responsibilities like planning, directing, and controlling resources.
Step 3
(i) an investor.
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An investor provides the financial resources necessary for a business to operate, typically in exchange for a return on their investment. They may receive dividends based on the business's profitability.
Step 4
(ii) a supplier.
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A supplier provides essential raw materials and goods necessary for the business's operation. The relationship can involve negotiations regarding quality and delivery, and suppliers are expected to deliver goods on time and in good condition.
Step 5
Explain your answer and name the relevant consumer law.
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In the case of a faulty product, the retailer is responsible. When consumers purchase items, they enter into a contract with the retailer. According to the Sale of Goods and Supply of Services Act 1980, consumers have the right to a refund, replacement, or repair if the goods are faulty.
Step 6
Outline two advantages for a consumer of taking a case to the Small Claims Court.
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Inexpensive/Low Cost: The initial fee for filing a case is only €25, making it affordable for consumers seeking justice.
Fast and Quick Resolution: Cases are typically resolved quickly, and consumers can expect their hearings to be scheduled without excessive delays.
Step 7
List four grounds on which discrimination in the workplace is outlawed.
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Gender
Age
Race
Disability
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