glossary U04

Question 1

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

Answer 1

total cost of ownership

Question 2

Relating to a person’s own country

inheems

Answer 2

domestic

Question 3

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

omzet

Answer 3

turnover

Question 4

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

nv

Answer 4

PLC

Question 5

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

Answer 5

NGO

Question 6

Ltd.

bvba

Answer 6

Limited liability company

Question 7

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

Answer 7

working conditions

Question 8

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

Answer 8

SME

Question 9

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

Answer 9

takeover

Question 10

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

Answer 10

nearshoring

Question 11

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

Answer 11

quotation

Question 12

Something that you get for working, in addition to your pay, that is not in the form of money

extra legale voordelen
=/= perks

Answer 12

fringe benefits

Question 13

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

kandidaat

Answer 13

applicant

Question 14

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

factuur

Answer 14

invoice

Question 15

SME

Answer 15

Small and Medium Enterprise

Question 16

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

fusie

Answer 16

merger

Question 17

NGO

Answer 17

Non-governmental organization

Question 18

Impossible to touch, to describe exactly, or to give an exact value

ontastbaar

Answer 18

intangible

Question 19

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

Answer 19

flagship

Question 20

The markets of developing countries that are rapidly growing and industrializing

opkomende markten

Answer 20

emerging markets

Question 21

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 21

wage

Question 22

A way of behaving or a belief that has been established for a long time

gewoonte/gebruik

Answer 22

custom

Question 23

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

Answer 23

to employ

Question 24

Something that you get for working, in addition to your pay, that is not in the form of money

=/= fringe benefits
extra legale voordelen

Answer 24

perks

Question 25

An employee's earnings after all deductions are taken out

Answer 25

net

Question 26

To use someone unfairly for your own advantage ## Footnote uitbuiten

Answer 26

exploit

Question 27

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

Answer 27

conducive

Question 28

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

Answer 28

payroll

Question 29

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

Answer 29

headquarter**s**

Question 30

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

Answer 30

sweatshop

Question 31

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

Answer 31

competitor

Question 32

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 32

Ltd.

Question 33

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

Answer 33

subsidiary

Question 34

A company that controls other smaller companies

Answer 34

parent company

Question 35

To communicate an idea or feeling without saying it directly ## Footnote suggereren

Answer 35

to imply

Question 36

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 36

flexitime (BrE)

Question 37

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 37

salary

Question 38

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

Answer 38

lucrative

Question 39

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 39

offshoring

Question 40

PLC ## Footnote NV

Answer 40

Public limited company

Question 41

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

Answer 41

organic

Question 42

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 42

offshoring

Question 43

(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 43

temp

Question 44

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

Answer 44

gross

Question 45

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 45

supplier

Question 46

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

Answer 46

outsourcing

Question 47

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

Answer 47

subcontractor