glossary 04 v1

Question 1

A small factory where workers are paid very little and work many hours in very bad conditions

Answer 1

sweatshop

Question 2

The practice of transferring a business operation to a nearby country, especially in preference to a more distant one

Answer 2

nearshoring

Question 3

An occasion when two or more companies or organizations join together to make one larger company

fusie

Answer 3

merger

Question 4

PLC

NV

Answer 4

Public limited company

Question 5

A company, person, etc. that provides things, parts, goods that a person or a company wants or needs, especially over a long period of time

Answer 5

supplier

Question 6

An outside person or organization that does work for an organization that might normally be done within it

onderaannemer

Answer 6

subcontractor

Question 7

The process of paying to have part of a company’s work done by another company

Answer 7

outsourcing

Question 8

Non-governmental organization: an organization that tries to achieve social or political aims but is not controlled by a government

Answer 8

NGO

Question 9

An employee’s earnings before taxes, benefits and other payroll deductions are withheld from their wages

Answer 9

gross

Question 10

The practice of basing a business or part of a business in a different country, usually because this involves paying less tax or other costs

Answer 10

offshoring

Question 11

To communicate an idea or feeling without saying it directly

suggereren

Answer 11

to imply

Question 12

The price that a person or company says they will charge to do a piece of work

Answer 12

quotation

Question 13

The cost required to maintain and support a hardware or software product or service

Answer 13

total cost of ownership

Question 14

To use someone unfairly for your own advantage

uitbuiten

Answer 14

exploit

Question 15

SME

Answer 15

Small and Medium Enterprise

Question 16

A list of the people employed by a company showing how much each one earns

Answer 16

payroll

Question 17

A situation in which a company takes control of another company by buying enough of its shares

Answer 17

takeover

Question 18

Ltd.

bvba

Answer 18

Limited liability company

Question 19

To have someone work or do a job for you and pay them for it

Answer 19

to employ

Question 20

In the technology industry, it is a term often used to describe the highest-end hardware model offered in a product line

Answer 20

flagship

Question 21

A company that is owned by a larger company. Also known as daughter company

dochteronderneming

Answer 21

subsidiary

Question 22

The practice of basing a business or part of a business in a different country, usually because this involves paying less tax or other costs

Answer 22

offshoring

Question 23

A company that controls other smaller companies

Answer 23

parent company

Question 24

An employee’s earnings after all deductions are taken out

Answer 24

net

Question 25

(especially of a business, job, or activity) producing a lot of money

Answer 25

lucrative

Question 26

Small and Medium Enterprise: a company, or companies considered as a group, that are neither very small nor very large

Answer 26

SME

Question 27

The working environment and aspects of an employee's terms and conditions of employment

Answer 27

working conditions

Question 28

Happening or developing naturally over time, without being forced or planned by anyone

Answer 28

organic

Question 29

Public limited company (listed on the stock exchange) - incorporated (Inc.) is the American equivalent ## Footnote nv

Answer 29

PLC

Question 30

NGO

Answer 30

Non-governmental organization

Question 31

Limited liability company: used in the name of a company whose owners have limited responsibility for the money that it owes ## Footnote besloten vennootschap

Answer 31

Ltd.

Question 32

A system of working in which people work a set number of hours within a fixed period of time, but can change the time they start or finish work

Answer 32

flexitime (BrE)

Question 33

A fixed amount of money agreed every year as pay for an employee, usually paid directly into his or her bank account every month

Answer 33

salary

Question 34

Impossible to touch, to describe exactly, or to give an exact value ## Footnote ontastbaar

Answer 34

intangible

Question 35

The amount of business that a company does in a specific period of time ## Footnote omzet

Answer 35

turnover

Question 36

A particular amount of money that is paid, usually every week or every month, to an employee, especially one who does work that needs physical skills or strength, rather than a job needing a college education

Answer 36

wage

Question 37

Another company that offers the same service/product as you do

Answer 37

competitor

Question 38

The markets of developing countries that are rapidly growing and industrializing ## Footnote opkomende markten

Answer 38

emerging markets

Question 39

A person who formally requests something, especially a job, or to study at a college or university ## Footnote kandidaat

Answer 39

applicant

Question 40

Providing the right conditions for something good to happen or exist ## Footnote gunstig

Answer 40

conducive

Question 41

The main offices of an organization such as the army, the police, or a business company

Answer 41

headquarter**s**

Question 42

Relating to a person's own country ## Footnote inheems

Answer 42

domestic

Question 43

A list of things provided or work done together with their cost (plus VAT if applicable), for payment at a later time ## Footnote factuur

Answer 43

invoice

Question 44

Something that you get for working, in addition to your pay, that is not in the form of money ## Footnote =/= fringe benefits extra legale voordelen

Answer 44

perks

Question 45

Something that you get for working, in addition to your pay, that is not in the form of money ## Footnote extra legale voordelen =/= perks

Answer 45

fringe benefits

Question 46

A way of behaving or a belief that has been established for a long time ## Footnote gewoonte/gebruik

Answer 46

custom

Question 47

(abbreviation of temporary) A person employed to work for a short period, especially in an office while another person is absent or when there is extra work

Answer 47

temp