CTEC Business - Unit 1 exam with correct answers 100% 2024
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Module
CTEC 1391
Institution
CTEC 1391
CTEC Business - Unit 1 exam with correct answers 100% 2024
Business Activities - Correct Answer Buying, selling, renting, investing of an organisation or of the commercial and manufacturing sectors of an economy
Business aims - Correct Answer
Business Customers - Correct Answer Businesse...
CTEC Business - Unit 1 exam with
correct answers 100% 2024
Business Activities - Correct Answer Buying, selling, renting, investing of an organisation or of the
commercial and manufacturing sectors of an economy
Business aims - Correct Answer
Business Customers - Correct Answer Businesses that purchase products or services from another
business
Cash flow forecasting - Correct Answer The process of estimating the expected cash inflows and cash
outflows over a period of time
Centralised structure - Correct Answer
Charity - Correct Answer giving resources or volunteering time to help those in need
Community Interest Companies (CIC) - Correct Answer
conflict resolution - Correct Answer the process of ending a conflict through cooperation and problem
solving
Decentralised structure - Correct Answer Where decisions are often made at lower levels. Decisions are
not made in just one place.
disciplinary procedure - Correct Answer what the employer must do if he or she is unhappy with the
way that the employee is behaving at work
diseconomies of scale - Correct Answer the property whereby long-run average total cost rises as the
quantity of output increases
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