Unit 11 - Starting up in a new location

What are divisional heads?

• Senior executives responsible for managing a specific department or division within a company
• Middle managers in charge of daily operations
• Entry-level employees who handle administrative tasks

What does the term "facility" refer to in a business context?

• A building or space where business operations take place
• A financial institution providing loans and credit
• The process of facilitating teamwork and collaboration

What does it mean to "investigate" something?

• To propose a new business idea
• To analyze and examine a situation or problem thoroughly
• To allocate resources for a specific project

What is a "proposal" in a business context?

• A written document that outlines a plan or idea to be considered
• A financial statement summarizing a company's performance
• A job offer extended to a potential employee

What does "course of action" mean?

• The process of selecting suitable employees for a job
• The path or steps to be taken to achieve a particular goal or solve a problem
• The legal proceedings involved in a business dispute

What does "availability" refer to?

• The state of being present or accessible
• The financial resources of a company
• The process of outsourcing tasks to external service providers

What is meant by "initial investment"?

• The amount of money required to start a business or project
• The profit generated after several years of operation
• The cost of maintaining daily operations

What does the term "equipment" encompass?

• The personnel and staff of a company
• The physical tools and machinery used in business operations
• The marketing strategies employed by a company

What does "co-operation" mean in a business context?

• The process of merging two or more companies into a single entity
• The collaboration and coordination between individuals or organizations
• The act of dividing tasks and responsibilities among team members

What is the meaning of "unemployment"?

• The state of having a secure job with a stable income
• The process of hiring new employees
• The condition of being without a job or work