F1 十大容易混淆概念 >NM\TLET~
1. Public sector & Private sector o6L9UdT
Public sector is the organization owned or run by the government or government agencies. H%}IuHhN)
All the other organizations are classified as the private sector. ;t(f1rP yE
2. Public company & Private company _MfD
Private company is usually owned by a small number of people and these shares are not easily transferable. r;m`9,RW
Shares of public company will usually be traded on a Stock Exchange. \#,t O%D
3. Geographic departmentation I1"MPx{
Where the organization is structured according to geographic area, some authority is retained at Head Office but day-to-day operations are handled on a territorial basis. Vrp[r *V@E
So it is centralized. yL1CZ_
4. Divisionalisation gEJi[E@
It is the division of a business into autonomous regions of product business, each with its own revenues, expenditure and capital asset purchase programs, and therefore each with its own profit and loss responsibility. uf' 4 '
So it is decentralized. \Fb| {6+
5. Internal control `G$1n#&
An internal control is any action taken by management to enhance the likelihood that established objectivity and goals will be achieved. Management plans, organizes and directs the performance of sufficient actions to provide reasonable assurance that objectives and goals will be achieved. 51xk>_Hm}|
6. Internal check A3{0q>CC
An internal check are defined as the checks on the day-to-day transactions whereby the work of one person is proved independently or is complementary to the work of another, the object being the prevention or early detection of errors and fraud. lMifp K
7. Connected & external stakeholders ry0
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Connected and internal stakeholders are primary and the external stakeholders are secondary. There are agreements or contracts between the primary stakeholders and the organizations. The secondary stakeholders have indirect influence on the companies. %y<]Yzv.
8. Stagflation la^
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It occurs where there is a combination of high unemployment and high inflation caused by a price shock and inflexibility in supply. Wa
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So CPI and unemployment rate is increasing. But the GDP is not growing. {9 PR()
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9. Leadership & management ]axh*J3
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Leadership is the process of influencing others to work willingly towards goals, to the best of their capabilities, perhaps in a manner different to that which they would otherwise have chosen. B'we ok
Management is the process of getting actives completed efficiently and effectively, with and through other people. ;#k-)m%
10. Effectiveness and Efficiency +R.N%_
Effectiveness means whether the results are complied with the goals or purposes. So it is about “what to do”. N "Wqy
Efficiency means the low wastage or loss to produce the maximum output. It is about “how to do”. vqNsZ 8|`
By F1 Lecture ：Celine Ji K_/ B?h
