GLOSSARY BUSINESS ADMINISTRATION – Words starts with Ce

Glossary

Words starts with CE

Cell :

A data entry point on a spread sheet.

Central counter party :

Acts on behalf of both parties in a transaction so that the buyer and seller do not have to deal with each other directly.

Central reservation system :

A computer database system used by a chain of hostel enabling availability and rates to be monitored and bookings to be made.

Centralised purchase :

It means that all the purchases are made by the specialised department.

Centralisation :

It refers to concentration of the decision making anuthority at a particulars level of the organisation hierarchy.

Centralisation :

The reservation of authority at the top level of the organisation.

Centralised :

Bring under the control of a central anuthority.

Cestui que trust :

A person for whom another is trusty a beneficiary.

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