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CTEC Business - Unit 1 exam with correct answers 100% 2024 £6.56   Add to cart

Exam (elaborations)

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...

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  • October 1, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CTEC 1391
  • CTEC 1391
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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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