Study the information supplied and answer the questions which follow:
A vacancy has arisen in LMN Ltd for the position of Office Manager - Leaving Cert Business - Question 6 - 2008
Question 6
Study the information supplied and answer the questions which follow:
A vacancy has arisen in LMN Ltd for the position of Office Manager.
John Muldoon is the Human ... show full transcript
Worked Solution & Example Answer:Study the information supplied and answer the questions which follow:
A vacancy has arisen in LMN Ltd for the position of Office Manager - Leaving Cert Business - Question 6 - 2008
Step 1
Draft, using today’s date, a Memorandum (memo) from John Muldoon to all staff reminding them that the closing date for job applications is the 20th June, 2008.
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Answer
To: All members of staff
From: John Muldoon, Human Resource Manager
Date: 10th June 2008
Re: Vacancy for Office Manager
This is to remind you that the closing date for job applications is the 20th June, 2008.
Signed: John Muldoon
Step 2
Apart from memos, name three other methods of internal communication.
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Answer
Notice Board
Meetings
Intercom
Step 3
Identify and explain three factors that affect the choice of methods of communication in business.
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Cost: The budget available for communication tools can affect the methods utilized. For instance, expensive technology may be impractical.
Urgency: The need for immediate communication can dictate which method is chosen, with quicker methods preferred for urgent messages.
Confidentiality: Sensitive information may require more secure methods of communication, impacting the choice.
Step 4
Outline two advantages for LMN Ltd of recruiting internally.
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Motivation: Employees will be motivated as they see their hard work recognized with promotion opportunities.
Knowledge: Existing employees already understand company culture and processes, reducing the learning curve.
Step 5
Explain the following terms:
(i) Stock Control.
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Stock Control: Ensuring that the business has sufficient stock on hand to satisfy demand while minimizing excess inventory, which involves tracking stock levels, placing orders, and reordering when necessary.
Step 6
(ii) Financial Control.
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Financial Control: The process of managing the business's financial operations through budgeting, monitoring costs, and ensuring financial resources are used efficiently.
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