Last Minute Flashcards
1
Q
Matric structure
A
No traditional heriachy , employees may report to multiple managers
2
Q
The business cycle
A
Measures fluctuation in GDP in the economy
3
Q
Recession
A
2 consecutive quarters of negative economic growth
4
Q
Inflation
A
Increases of prices within an economy
5
Q
Interest rates
A
Cost of borrowing / reward for saving
6
Q
Individual tax
A
Individual tax
National insurance
7
Q
Business tax
A
VAT
Corporation tax
