Column 1 is a list of six business terms - Leaving Cert Business - Question 8 - 2007
Question 8
Column 1 is a list of six business terms. Column 2 is a list of seven possible explanations for these terms. (One explanation has no match.)
Column 1: Terms
1. Cred... show full transcript
Worked Solution & Example Answer:Column 1 is a list of six business terms - Leaving Cert Business - Question 8 - 2007
Step 1
1. Credit Rating
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G. An assessment of a person’s creditworthiness.
Step 2
2. Utmost Good Faith
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F. The applicant must tell the truth and disclose all material facts when seeking insurance.
Step 3
3. Paypath
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E. Payment of wages directly into an employee’s bank account.
Step 4
4. Dividend
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A. Payment of part of a company’s profits to its owners.
Step 5
5. Direct Debit
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D. A method of payment from a bank account at regular intervals.
Step 6
6. Leasing
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C. A medium-term source of finance.
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