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Column 1 is a list of business terms - Leaving Cert Business - Question 13 - 2011

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Question 13

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Column 1 is a list of business terms. Column 2 is a list of explanations for these terms. (One explanation has no match.) Column 1: Business Terms Column 2: Expla... show full transcript

Worked Solution & Example Answer:Column 1 is a list of business terms - Leaving Cert Business - Question 13 - 2011

Step 1

1. Credit Control

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Answer

D. Aims to ensure that customers pay on time.

Step 2

2. Benefit-in-kind

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Answer

E. A non-monetary reward given to an employee.

Step 3

3. Quality Control

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Answer

A. Aims to reduce the number of faulty products in a business.

Step 4

4. Profit-sharing

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Answer

F. A percentage of the profits is paid to the employees.

Step 5

5. Conciliation

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Answer

C. A third party listens to both sides of a dispute and suggests a solution.

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