Exam: BEC Higher

Definition: Not involved in buying or selling goods or services for profit.

Example: The festival was a noncommercial event, focusing on community and art rather than making money.

Definition: Relating to an agreement where one party agrees not to compete with another party.

Example: The company signed a noncompetition agreement to protect its business interests.

Definition: Describing a situation where financial data is reported only for the parent company, without including the data of its subsidiaries or other related entities.

Example: The company's nonconsolidated financial statements provide a clear view of its individual performance.

Definition: Not related to the process of building or creating structures.

Example: The nonconstruction activities at the site included landscaping and maintenance.

Definition: A person or entity that does not purchase or use goods and services.

Example: The nonconsumer group is focused on sustainability and reducing waste.

Definition: Not related to or governed by a contract.

Example: The noncontract services were provided without any formal agreement.

Definition: This word describes something that is not related to or does not involve a contract.

Example: The agreement was considered noncontractual, meaning it was not legally binding.

Definition: Relating to or characteristic of entities that are not corporations or do not operate as corporations.

Example: The noncorporate sector includes small businesses and individual entrepreneurs.

Definition: A situation where something that was supposed to be delivered is not delivered.

Example: The company faced penalties due to nondelivery of the goods.

Definition: A policy or agreement that prevents someone from sharing certain information with others.

Example: The company required all employees to sign a nondisclosure before starting their jobs.