Exam: BEC Higher

Definition: Related to a formal agreement between parties that outlines obligations and rights.

Example: The company entered into a contractual agreement with the supplier to ensure timely deliveries.

Definition: In a manner that is related to or specified by a legal agreement between parties.

Example: The parties agreed contractually to complete the project by the end of the year.

Definition: The position or office of a person responsible for managing financial records and overseeing accounting operations in an organization.

Example: She was promoted to the position of controllership after years of hard work in the finance department.

Definition: A type of partnership where two or more people share ownership and responsibilities in a business or project.

Example: The two companies formed a copartnership to expand their market reach.

Definition: A person or company that shares the responsibility of publishing a work with one or more other publishers.

Example: The book was released by a copublisher, ensuring a wider distribution.

Definition: A person who creates written content for advertisements and marketing materials.

Example: The copywriter crafted a catchy slogan for the new product launch.

Definition: Related to a large company or group of companies that work together as a single entity.

Example: The corporate office is located in the city center.

Definition: An organization that is recognized by law as a separate entity, which has its own rights and responsibilities, distinct from the individuals who make it up.

Example: The corporation announced its plans to expand into new markets next year.

Definition: A person who is a member or part of a corporation, often involved in its organization or management.

Example: As a corporator, she had a say in the decisions made by the company.

Definition: To sign a document together with someone else, usually to guarantee or support something.

Example: She agreed to cosign the loan for her friend.