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Question Answer
Sole proprietorship
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A business owned by one person; owner has unlimited liability
Partnership
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Owned by multiple individuals; profits, assets, and responsibilities are shared
Corporation
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Owned by shareholders with limited liability; managed by a board
Franchise
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A business using another's name, branding, and products
Receptionist
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Greets visitors and manages the front desk
Human Resources
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Responsible for the company’s productive use of its workforce
Secretary
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Types letters, files documents, arranges meetings, etc.
Girl Friday
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Does random small tasks
Technical Support Consultant
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Helps customers having issues with products
Company Director
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Appointed by shareholders to help run the company
Managing Director
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Ensures the company runs efficiently and effectively
Chief Executive Officer (CEO)
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In charge of the company
Personal Assistant
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Works exclusively for the CEO
Company Secretary
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Senior employee with legal/admin authority (UK law requirement)
Chairman
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Presides over board meetings
Non
Attends board meetings to advise, without decision
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executive Director
making power
Production Manager
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Supervises the production process
Assistant Manager
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Assists the production manager
Trainer
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Provides staff courses and development programs
Accountant
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Controls the company’s finances
External Auditor
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Checks the finances on behalf of the head office
Area/Regional Manager
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Oversees operations of a specific branch
Marketing Manager
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Plans and manages marketing activities and budgets
Advertising Manager
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Promotes new product ranges to consumers
Sales Representative
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Visits clients and promotes/sells products
Foreman
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Supervises workers on the factory floor
Trade Union Representative
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Advocates for worker rights in discussions with management
Official Mediator
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External person called to help resolve disputes
Arbitrator
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External expert who can make a binding decision in disputes if mediation fails
Graduate Trainee
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College graduate learning about the company, aiming for a permanent job
IT Consultant
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Advises on and supports the company’s IT systems
Telesales Manager
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Manages the team calling potential clients
Official Receiver
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About to take over a company, sell its assets, and use the proceeds to pay off all the creditors
To start from scratch
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Start from the beginning with nothing
Hang out one’s shingle
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To start a business
Jump on the bandwagon
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Be trendy
A steep learning curve
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Difficult to learn and you learn slowly
Strike while the iron is hot
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Take an opportunity while it’s possible
Go back to the drawing board
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Start again from the beginning
Test the waters
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Try something to see if it will be successful
Succession planning
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Preparing managers for senior roles before they're available
Headhunting and recruitment agencies
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Specialized organizations for advertising and filling vacancies
Outsourcing supply
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Delegating part of the company’s activities to another company
Internal transfer or promotion
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Filling vacancies with current employees
Local print media
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Newspapers and magazines distributed near the workplace
Job search sites
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Websites where job offers are posted
Employee recommendation
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Asking staff to recommend potential new employees
Graduate job fair
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Companies visit universities to attract new candidates
Job profile
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Lists skills and qualifications expected from the candidate
Job description
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Lists tasks and responsibilities of the role
Psychometric tests
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Assess psychological traits of applicants
Aptitude tests
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Assess applicant’s skills, knowledge, and learning potential
Group situational tests
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Applicants work together in imaginary situations
In basket tests
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Deal with imaginary tasks similar to those in the actual job
Medical test / Health screening
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Check if applicants are healthy enough for the job
Induction programme
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Introductory training for new employees
Temporary contract
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Temporary contract
Probationary period
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Trial phase to determine if a worker is suitable
Open-ended contract
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No end date; permanent employment
Fixed-term contract
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Employment ends at a set date
Follow up session
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Meeting after some time to assess employee performance

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