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This report will be researching and writing about Hasmonean High School, and the Classification of the business according to its ownership, and an explanation of the benefits and constraints of this type of ownership.

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HASMONEAN HIGH SCHOOL CONTENTS * * * * * * * h BUSINESS AT WORK INTRODUCTION This report will be researching and writing about Hasmonean High School, and the Classification of the business according to its ownership, and an explanation of the benefits and constraints of this type of ownership. HISTORY OF HASMONEAN Hasmonean High School or Hasmonean Grammer School as it was formerly known as was founded in 1944 by Rabbi Dr. Solomon Schonfeld. Rabbi Dr. Schonfeld rescued thousands of Jews from the holocaust. The School became part of the blossoming Jewish Secondary Schools Movement and was situated in The Drive in Golders Green until 1947. In that year, the Boys' Section moved to its present site in Holders Hill Road, Hendon, whilst the girls were situated in Parson Street, also in Hendon. The Boys' Section became a Voluntary Aided Local Authority School in 1957. In September 1975, the girls moved to the present purpose-built Page Street site in Mill Hill. In 1984, Voluntary Aided Status was extended to the Girls' Section, and the two sections joined to become a five-form-entry School. In April 1994, the School became Grant Maintained and, as of September 1st 1999 it returned to Voluntary Aided Status. TYPES OF BUSINESSES There are different types of privately owned businesses such as: * Sole Trader - A one person business with unlimited liability * Partnership - 2-20 partners own control and finance the business. They have unlimited liability. * Private Limited Company (ltd) - a company owned by shareholders. A limited number of shares are issued; these are owned by family and friends of the business. The business has limited liability. * Public Limited Company (plc) - a company owned by shareholders. It must have �50,000 of capital when founded, and may allow its share to be bought by the general public (though it does not have to). The business has limited liability * Unlimited Liability - a legal obligation on the owners of the business to pay all debts of the business. ...read more.


There is a school called Kisharon for pupils who have learning difficulties and on a frequent basis they visit the school and interact with the pupils of the school. There are about four different youth groups in the area which pupils go to enhance there community skills. Formal Organisation of a Business There are many types of businesses, as previously mentioned in this report. However every business must have an internal structure. This is known as formal organisation of the business. Here are some things, which need to be taken into account: * The relationship between individuals. * Who is in charge? * Who has authority to make decisions? * How information is communicated. Because theses activities can be arranged in different ways, businesses tend to different structure. One method of organising a business is where managers put people together to work effectively based on their skills and abilities. The structure is built up or it develops as a result of the employees of the business. Functions in an Organisation In a small business different functions or roles such as finance, production, human resource management, marketing, operations, administration and research and development may all be carried out by the same person. However as the business expands and develops, specialists need to be employed to advise and assist to help carry out some of the functions. Key Functions * Finance - plans, records and monitors the flow of money in and out of the business. * Production - uses resources such as materials and labour to make goods or provide services * Human resources management - (HRM) ensures that the people who work in the organisation are both fully employed and developed so that the business gets the best from them. * Marketing - identifies, anticipates and satisfies customer demands to achieve the objectives of the business. It includes advertising, selling and sales promotion, marketing research, introduction of any new products or services, pricing, packaging, distribution and after sales service. ...read more.


Methods of Production Businesses use research to determine the best methods of production for their type of business, and monitor these production methods closely for any changes, which could be made to improve efficiency. Businesses that depend on each other for supplies and orders can be tied even more closely together by their production methods. Some vital information is: * The differences between job, batch and flow production methods. * The advantages and disadvantages of different methods of production. Most businesses use a mix of production methods but classifying them separately helps to identify the main features and advantages of each. * Job Production: The production of a unique item from start to finish, e.g. a house extension, a ship or a road bridge, in response to an individual order. * Batch Production: Larger-scale production of 'batches' of similar items, e.g. sweets, bread, clothing. An entire batch of products is processed through a production stage before moving on to the next stage. Machinery is reset at the early stage, and a new batch of different items is then processed. Production is aimed at the market rather than the individual customer. * Mass Production: continuous production of identical items, e.g. newspapers, glass bottles, cars. The items flow through a set of specialised operations on an assembly line. Division of labour is essential, with workers trained to do specialist tasks. Production is aimed at the largest markets of all. Advantages Disadvantages Job Production High quality product made by skilled workers, job satisfaction high. Easy to isolate problem areas. Expensive materials. Expensive labour. Slow process, machinery often idles. Repeat orders unlikely. Batch Production Lower unit costs (increased scale of production). Flexibility possible in batch quantity, according to demand. More specialised machinery with less idle time. Costly storage needed. Some repetition in jobs. Batches need to be moved. Machinery needs re-setting. Flow Production Large output, low unit cost. Good use of production time. Low skilled, easily trained labour. Products of standard quality. Large investment in machinery. Inflexible assembly line. Repetitive work, poor motivation. Products all the same. Breakdowns cause big problems. STEPHEN JACKSON 1 ...read more.

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