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Future Learn Flashcards

(84 cards)

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1
Q

Adapt (to)

A

To change your behaviour in order to deal more successfully with a new situation

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2
Q

Asset

A

An asset is something a business owns that is valuable and which can result in income. It might be money, but can also be things like cars, factories, or even good staff

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3
Q

Audience

A

The people you are speaking to, or the customers you would like to communicate with

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4
Q

Automation

A

Using self-operating equipment, electronic devices, etc. to replace human beings in doing routine or repetitive work

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5
Q

Balance Sheet

A

A balance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity at a specific point in time

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6
Q

Bedding-in

A

To bed in means to make or become settled and able to work efficiently in harmony

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7
Q

Behaviour

A

The way people act

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8
Q

Body language

A

The movements or positions of your body that show other people how you are feeling, without using words

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9
Q

Bricks and mortar stores

A

Traditional shops you can see in any city or village - different from shops which are only online

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10
Q

Business is taking off

A

To take off is to really succeed

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11
Q

Capacity

A

Someone’s ability to do a particular thing

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12
Q

Capital

A

Wealth or property that is owned by a business or a person and can be invested or used to start a business

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13
Q

Cash flow

A

The flow of cash into and out of a business. Money actually received or paid out by the business.

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14
Q

Change management

A

The expression used to talk about all approaches to prepare, support, and help individuals, teams, and organizations in making organizational change

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15
Q

Competitor

A

A person, team, or company that is competing against others

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16
Q

Complain (to)

A

To say that you are not happy with a situation or something that has happened

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17
Q

Concise

A

Something that is concise says everything that is necessary without using any unnecessary words

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18
Q

Convenient

A

Near or easy to get to or use

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19
Q

Cover a shift (to)

A

A shift is the time spent working during a day. To cover somebody’s shift means to work in their place because they are unable to work.

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20
Q

Credit

A

A method of paying for goods or services at a later time. Trade credit means that the person you buy goods from agrees to take payment later, not immediately.

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21
Q

Cryptocurrency

A

Cryptocurrencies are digital currencies. The best-known example is called Bitcoin

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22
Q

Data breach

A

When somebody loses computer data, or it is stolen by hackers, experts call this a data breach

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23
Q

Data protection

A

Legal controls that keep information stored on computers private and that limit who can read it or use it

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24
Q

Debit

A

(A record of) money taken out of a bank account

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25
Debt
Debt is money a business or a person owes. Debt is not necessarily bad - many successful entrepreneurs built their business by borrowing money, which they then paid back.
26
Demand
If someone or something is in demand or in great demand, they are very popular and a lot of people want them
27
Dos and don’ts
The things you should do, and the things you should not do
28
Equity
The value of the shares issued by a company
29
Exchange (to)
The act of giving something to someone and them giving you something else
30
External environment
The conditions that you live or work in
31
Eye contact
When you look somebody in the eye, you make ‘eye contact’
32
Factors of production
Everything used in the production process to produce output — that is, finished goods and services
33
Finance (to)
To provide the money needed to start or expand a business
34
Founder
The founder is the person who has the idea for a company, then goes ahead and starts it
35
Gestures
A movement that you make with your hands, your head or your face to show a particular meaning
36
Goal
Something you want to do and make a big effort to achieve
37
Goods
In economics, goods are things that people and companies buy and sell
38
In advance/in arrears
To pay in advance means to pay early. To pay in arrears means to pay late.
39
Instinct
A natural quality that makes people and animals tend to behave in a particular way using the knowledge and abilities that they were born with rather than thought or training.
40
Investment
An investment is the money that somebody provides to a company to allow it to start, grow, or get over difficulties.
41
Labour
The work done by a group of workers or by a particular worker
42
Lease
A legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent.
43
Liability
The money that you owe
44
Loan
A loan is a sum of money that you borrow
45
Look at the bigger picture (to)
To think about all the different parts of a situation
46
Loyalty (scheme)
Loyalty means not changing in your friendship with or support for a person or an organization
47
Margin
The profit made on a product or service
48
Motivation
The reason why somebody does something or behaves in a particular way
49
Non-verbal communication (or nonverbal communication)
Non-verbal means not involving words or speech. It is communication using things like eye contact, facial expressions, gestures, posture, and the distance between two individuals.
50
Objective
An objective is something that you are trying to achieve
51
Operations
An operation is a process or a method
52
Organisational change
Organisations like businesses are always changing. Organisational change is the phrase used to talk about changes in how the business is set up, how it uses technology, its processes and its strategy
53
Outcome
The result of some task or event
54
Overdraft
If you have an overdraft, you have spent more money than you have in your bank account, and so you are in debt to the bank
55
Performance
Performance describes how well a person, machine, etc. does a piece of work or an activity
56
Point of sale system
A point of sale system, or POS, is the place where your customer makes a payment for products or services at your store
57
Privacy
Privacy relates to one’s private life or business
58
Productivity
The rate at which goods are produced
59
Profit
The difference between revenue (money paid by customers) and expenses (money paid to suppliers and workers) over a period of time such as a month or a year
60
Prospects
A prospect is somebody who you hope will become a client
61
Prosperity
Being successful, especially in making money
62
Rent
A fixed amount of money that you pay regularly for the use of a building
63
Resistance
When you act to stop the progress of something or make it slower
64
Resource
A supply of something that a business can use to increase income or profits
65
Retail
Retail is the selling of goods to the public, usually through shops
66
Revenue
Revenue is another word for income - the money coming in to a business from selling goods or services
67
Skills
Your skills are the abilities you can bring to your work. Some examples include making things, programming, speaking a foreign language or the ability to show that the products are good
68
Styles
A style is a way of doing something, especially one that is typical of a person, group of people, place, or period
69
SWOT analysis
A SWOT analysis is a planning technique used to help a person or organisation identify strengths, weaknesses, opportunities, and threats
70
Satisfaction
The good feeling that you have when you have achieved something or when something that you wanted to happen does happen
71
Savings
The money you keep, especially in a bank
72
Scratch the surface (to)
To spend a short time on something
73
Services
Services are different from goods, because you can touch or see goods. Cleaners, car mechanics, lawyers and delivery drivers all provide services
74
Share
Companies often issue shares. A share is one of the equal parts into which the ownership of a company is divided.
75
Shareholders
A shareholder is a person who owns shares in a company. A share is a part of a business.
76
Start-up investment
When a business opens for the first time, it needs money in order to continue until it starts making a good income. When somebody provides this from the money they own, it is called the start-up investment.
77
Stock
A supply of something for use or sale
78
Supplier
A company that sells something. For example, a bakery needs a supplier to provide flour.
79
Training
The process of learning the skills that you need to do a job.
80
Traits
A trait is a particular characteristic, quality, or tendency that someone or something has.
81
Variables
A variable is a factor that can change in quality, quantity, or size.
82
Wages
The money paid regularly to employees for their work,
83
Wellbeing (or well-being)
The state of feeling healthy and happy
84
Working capital
The money that is needed to run a business rather than the money that is used to buy buildings and equipment when starting the business.

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