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Zaza

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Submitted By moaaz10
Words 580
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Mid-term Revision
Briefly explain the following terms:
-High level information: information about the general situation.
-Low level information: particular information about the situation.
-Content: it is about a person, an organization or a whole industry.
-Organisation: it is a story with a sequence of events happening one after the other, or it’s a description with no time sequence.
-Language: it’s formal or informal, personal or impersonal.
-Writer: one of the features of a case study which answers the question if it is a business studies lecturer or a journalist.
-Reader: is the person writing for students or for the general public.
-Purpose: it’s for education, entertainment or information.
-Explain: make something clear or give reasons for something.
-Compare: to look at the similarities between two things, for example a comparison of the sales growth or the management policies of two companies.
-Essay: is a particular type of text written by students as a way of learning or for assessment purposes.
-Simple cause-effect relationship: a simple one where one thing causes another.
-Causal chain: where something leads to an effect which causes a second effect.
-Multi-causality: where one cause may have several effects or one effect may have several causes.
-Fraud: a method of getting money from a person illegally.
-Lender: a company that lets people borrow money for a charge.
-Credit reference agencies: companies that keep the information about a person’s credit history.
-Individual Voluntary Arrangement (IVA): a formal agreement between a person & their creditors to pay off debts.
-Suffer in debt: have financial pain or problem.
-Personal insolvencies: a state of a person being unable to pay back the money borrowed.
-Creditor: someone or an organization that lends money to a person.
-Levels of debt: the amount of money a person

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