Organisations or institutions that offer activities designed to improve the competence and ability of individuals to better enable an organisation to meet its objectives. RTOs provide nationally recognised training and qualifications
The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organisation before any costs or expenses are deducted. Revenue is shown usually as the top item in an income (profit and loss) statement from which all charges, costs, and expenses are subtracted to arrive at net income. Also called sales or turnover.
The task of managing (or reducing) the risk (chances) involved in the course of business i.e. the chance of loss is effectively reduced. In business, this is using a range of strategies to manage the risk that an adverse event may occur.
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