Business hefti - ENSK2OM05

Question 1

goods

Answer 1

products (vörur)

Question 2

services

Answer 2

to serve someone / meet a need; banking services, travel services (þjónusta)

Question 3

company/firm

Answer 3

a business organisation formed to make money (fyrirtæki

Question 4

business

Answer 4

a company involved in the manufacturing, buying or selling goods of services (viðskipti)

Question 5

manufacture

Answer 5

to produce / to make (framleiða)

Question 6

import

Answer 6

to bring into the country (flytja inn)

Question 7

export

Answer 7

to sell out of the country (flytja út)

Question 8

distribute

Answer 8

to supply and deliver products (dreifa)

Question 9

to retail

Answer 9

to sell good to the public, usually through shops/store (selja í verslunum og smásölum)

Question 10

a range of

Answer 10

all the products a company makes or sells (úrval)

Question 11

self-employed

Answer 11

when you are working for yourself (vinna sjálstætt, verktaki)

Question 12

enterprise

Answer 12

a business organisation wich exists to make money (atvinnufyrirtæki)

Question 13

multinational

Answer 13

in many countries (fjölþjóða)

Question 14

entrepreneur

Answer 14

someone who has a business idea and turns it into a company (frumkvöðull)

Question 15

to generate

Answer 15

to create (skapa)

Question 16

shareholders

Answer 16

people who have bought a part of a company (hluthafar)

Question 17

shares / stock

Answer 17

a part of a company that is owned by a shareholder (hlutabréf)

Question 18

stock exchange

Answer 18

place where stocks are bought and sold / traded (verðbréfamarkaður, kauphöll)

Question 19

corporation

Answer 19

very large company consisting of several smaller companies (samsteypa, hlutafélag)

Question 20

to expand

Answer 20

to increase in size / get bigger (að stækka)

Question 21

to merge

Answer 21

to join companies into one (að sameinast)

Question 22

to acquire / to take over

Answer 22

to buy another company (að kaupa, að eignast)

Question 23

subsidiary

Answer 23

a company wich has been bought by a larger company (dótturfélag, dótturfyrirtæki)

Question 24

parent company

Answer 24

large company wich has bought smaller company / subsidiary (móðurfélag)

Question 25

corporate

Answer 25

adjective that is used to describe things relating to companies (fyrirtækis-)

Question 26

commerce / treade

Answer 26

buying and selling with the intention of making a profit (viðskipti)

Question 27

commercial

Answer 27

relates to commerce, describe things relating to business and sale (viðskipta-, verslunar-)

Question 28

payroll

Answer 28

the list of all of the company's employees (launaskrá)

Question 29

employee / staff / personnel / workers

Answer 29

people who work for a company (starfsfólk, starfslið)

Question 30

white / blue collar workers

Answer 30

describes types of jobs; white collar worker are office workers because they usually wear white shirts and black jacket. Blue collar worker are labourers or factory workers (skrifstofufólk- verkamaður)

Question 31

workforce

Answer 31

all the people working at a company (vinnuafl)

Question 32

management

Answer 32

the people who have the responsibility of running the company (stjórn)

Question 33

administration

Answer 33

all the tasks that enable the company to function (rekstur)

Question 34

operations

Answer 34

business activities (starfsemi)

Question 35

site

Answer 35

location, place (staðsetning)

Question 36

headquarters

Answer 36

main office (höfuðstöðvar)

Question 37

bookkeeping

Answer 37

taking care of all the informations for the company like payroll, names and numbers (bókhald)

Question 38

customer suppport

Answer 38

helping customers with their questions and complaints (þjónusta fyrir viðskiptavini)

Question 39

switchboard

Answer 39

answering the phones (skiptiborð)

Question 40

purchasing

Answer 40

buying supplies for the company (innkaup)

Question 41

human resources / personnel

Answer 41

all the people working for the company (mannuður, starfsfólk)

Question 42

human resources department

Answer 42

the department looking after the staff - hiring, contracts, pay and firing (mannauðssvið, starfsmannasvið)

Question 43

recruitment

Answer 43

hiring staff (ráðning)

Question 44

trade union - labor union

Answer 44

organisations that fights for workers' rights within an industry or company (stéttarfélag, verkalýðsfélag)

Question 45

to take industrial action

Answer 45

any kind of protest activity like strikes, overtime bans - by workers (verkfallsaðgerðir)

Question 46

hierarchy

Answer 46

pyramid-shaped diagram that shows the various levels of responsibility - people with the least experience at the bottom and people with the most experience at the top (valdakerfi, stigskiptun)

Question 47

experience

Answer 47

when you have been through something (reynsla)

Question 48

expertise

Answer 48

specialised knowledge or skills (sérþekking)

Question 49

to promote

Answer 49

to offer someone a higher level job with more responsibility and more pay (veita stöðuhækkun)

Question 50

organigram

Answer 50

diagram of how the staff is organised, similar to hierarchy (skipurit)

Question 51

Board of Directors

Answer 51

people who advise and guide the company but are not involved in daily workday (stjórn fyrirtækisins)

Question 52

``` Chief executive (CEO) Managing Director (MD) ```

Answer 52

the top person in the company (forstjóri)

Question 53

director (also executive)

Answer 53

a senior member of the company, responsible for decision-making (forstjóri)

Question 54

manager

Answer 54

someone in charge of a department or a project (deildarstjóri)

Question 55

executive (also director)

Answer 55

a senior member of the company, responsible for decision-making (framkvæmdastjóri)

Question 56

IT (Information Technology)

Answer 56

a department that is responsible for the computer systems (upplýsingatækni, tölvudeild)

Question 57

marketing

Answer 57

planning a campaign that will advertise a product and attract the right costumers (markaðssetning)

Question 58

accounts department

Answer 58

responsible for customer accounts (reiknishald)

Question 59

boardroom

Answer 59

a special room where the Board of Directors meets (fundarherbergi)

Question 60

budget

Answer 60

a financial plan for one year (fjárhagsáætlun)

Question 61

retirement to retire

Answer 61

to stop working at the end of your working life (fara á eftirlaun)

Question 62

career ladder

Answer 62

a path of promotion up trough the various levels of a company hierarchy (virðingarröð starfa, framgangur í starfi)

Question 63

promotin (promote)

Answer 63

to move up the career ladder (stöðuhækkun)

Question 64

senior

Answer 64

older with more experience and responsibility (hærra settur)

Question 65

to resign

Answer 65

to give up the job, usually because you want to work for someone else (segja upp)

Question 66

to downsize

Answer 66

to make the company smaller, by getting rid of employees and levels of management (minnka / fækka starfsfólki)

Question 67

to restructure

Answer 67

to organise the company differently (endurraða / endurskipuleggja)

Question 68

efficiency

Answer 68

getting good effort and results from staff for the minimum time and money (skilvirkni)

Question 69

profits

Answer 69

money left over after all the bills have been paid (hagnaður)

Question 70

-outsourced

Answer 70

bought services from outside the company, like cleaning services (aðkeypt þjónusta)

Question 71

freelancers

Answer 71

people who accept contracts for short-term projects, they are never on the company's permanent payroll (sjálfstætt starfandi fólk, verktakar)

Question 72

flexibility

Answer 72

the opportunity to change or do things differently (sveigjanleiki)