the business world Flashcards

(103 cards)

1
Q

to face the axe

A

to get fired: all staff have been warned that they face the axe should productivity not improve, and that no one is exempt from having to up their perfomance

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2
Q

float on the stock exchange

A

to sell shares on a stock market in order to finance a new company: rumours abound that he is about to float on the stock exchange

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3
Q

companies merge

A

to join together: there’s talk of the two companies merging and it is believed that they would benefit significantly from synergy were this to happen

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4
Q

embark on

A

a hostile takeover bid

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5
Q

completely

by a great amount

A

well and truly

by far and away

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6
Q

facilitate

A

an easy transition

the current structure does not facilitate efficient work flow/to facilitate learning

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7
Q

issue an unexpected profit warning

A

to warn shareholders that profits are going to be low

to engage in panic-selling as a consequence

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8
Q

to end a business

A

to wind up

operate as a going concern

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9
Q

to run a business successfully

A

run a tight ship

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10
Q

alliance

A

to form/forge an alliance

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11
Q

be at loggerheads

A

to disagree over smth

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12
Q

motion

A

a formal suggestion made and voted on at a meeting (at a committee)
introduce/make/propose/put forward a motion (to), pass/approve/ carry a motion, defeat/reject a motion, vote for/in favour of/against a motion
put forward a motion of no confidence in

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13
Q

to strip the assets

A

to sell the assets of a company

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14
Q

to audit the books/accounts

A

to conduct an official financial inspection of a company’s books
to conduct/undertake an audit (undertake an audit of staff performance/be subject to audit and inspection)

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15
Q

to falsify data and figures in a dishonest way

A

to fiddle the accounts/books

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16
Q

to plan how much money you’ll spend on smth

A

budget
draw up a budget/within a budget/to remain within your budget/budgeted(for)/on a budget/cuts in the budget/cut/reduce/increase a budget
to budget for an additional expenditure

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17
Q

provide a company with money by seeking investors

A

recapitalise a firm

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18
Q

cost

A

cut/reduce costs, at great personal cost, to smn’ cost, at the cost of, at cost, at any cost, estimated costs, cover the cost of , considerable/enormous cost, cost in time and effort, at a cost to, to introduce cost-cutting measures

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19
Q

warn smn

A

put smn on notice (that)

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20
Q

overrun

A

an overrun of, face budget overruns, spending overruns considerably, overrun by(minutes), overrun your budget

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21
Q

reduction in the estimated value of an asset and other way around

A

write-down
to write down a company’s value
write-up
Companies should allocate a specific value to intangible assets rather than just being able to write them up as goodwill.
a significant write-up of assets( also: to write smth up- to complete writing or recording smth using your notes: to write up a report /write up your notes/ article in a magazine : to get a good write-up in a newspaper)

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22
Q

to have no profit or loss

A

break even

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23
Q

to call a meeting

A

to convene a meeting , also to convene a conference/committee
a council convenes (assemble)

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24
Q

an examination of smn’s credit history by a financial organization

A

credit check
to conduct/run/do a credit check on smn
ex. legally, employers must have written permission from applicants to do a credit check

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25
a sudden sharp reduction in the availability of money, recession
credit crunch
26
when economic activity does down, increases, and then goes down again known as negative growth
double-dip recession
27
a small business run from home
cottage industry | to grow your business from being a cottage industry to become an international power house
28
to succeed in a company
to climb/move up a corporate ladder, reach the top of the corporate ladder
29
amount of money moving in and out of business
cash flow | strong/weak/healthy cash flow
30
a high-yield, high-risk bond
junk bond
31
the people in a factory who make the products
factory floor - staff on the production line | word on the factory floor is
32
to compete in a ruthless and often unfair way
cut-throat business | when you doble-cross smn
33
a plan of how smn will end smth such as a business deal
exit strategy | to develop/have an exit strategy
34
false bottom
when a stock briefly rallies and then plummets to new lows
35
an association of several business companies that have joined together to work on a project
consortium to form/join a consortium a consortium of investors launching a takeover bid to consort - to associate with smn usually with the disapproval of others
36
a large corporation formed by the mergin of separate and diverse firms
conglomerate a huge/financial conglomerate from conglomeration- a large group of different things gathered together : a conglomeration of
37
a group of representatives and envoys
delegate> delegation also: to give a job or duty to smn: to delegate responsibilities to your staff/ authority to make decisions has been delegated to a special committee
38
to ask for money/help/information, etc
solicit to solicit donations for a charity, to solicit smth from smn, to solicit smn's views/opinions unsolicited(bid/call)
39
to discover
ascertain | to ascertain whether, to ascertain the cause of
40
the extent to which a product is recognized and bought by customers in a particular trade
market penetration to enhance/gain/increase market penetration, high/small/significant market penetration the level of market penetration
41
make progress
``` make inroads(in/into) make steady inroads ```
42
orientation
aim, direction political/sexual orientation, to adopt an eco-friendly orientation, orientation to/towards the orientation of a product appears to be towards to arrange an orientation session
43
to mitigate
mitigating factors/circumstances | to mitigate damage/risk, mitigate the effects/impact of
44
to have influence on smth
be at play | ex. many issues are at play here
45
the activity of making loans with very high interest rates
predatory lending | to be accused of predatory lending
46
an official who deals with the complaints made by the public against the government
ombudsman | a financial ombudsman
47
synonyms for praiseworthy
meritorious(laudable, exemplary) | an award for meritorious service/conduct
48
a social system or organization in which people get success because of their abilities
meritocracy
49
when a government helps a part of its country's industry by taxing goods from other countries
protectionism
50
based on or relating to a set of beliefs
ideological- ideological differences/profound ideological disagreements
51
intended as punishment
punitive | punitive measures against smn, to be awarded punitive damages
52
using your influence to help your family members
nepotism, nepotistic, nepotist
53
a previous action that can be used as a reason for doing/allowing smth else
precedent | set a precedent for, serve as a precedent, without precedent, establish/create a precedent
54
acceptance of defeat
capitulation a capitulation to (demands) immediate capitulation by those in authority
55
when employees stop working suddenly because they are dissatisfied with their employer or job
to call a lightning strike
56
done without consulting others first
done UNILATERALLY | the decision was made unilaterally
57
ability to succeed
viability | viability of the proposal/threaten the viability of businesses
58
bankrupt
insolvent
59
when a bankrupt company is under the control of a person who was appointed by court to handle the financial affairs of the company
receivership | go into receivership, put/place in receivership
60
the act of officially asking for smth
requisition make/place a requisition for a meeting/staff/accommodation, requisition of cultural treasures, to issue a requisition order for,
61
to take back smth such as a property when a buyer defaults on payment
repossess | to repossess a home
62
the amount by which the price of smth is increased before it's sold
mark-up- a mark-up of 50 dollars to mark up the price a considerable mark-up on the price of smth
63
the amount by which one thing is more or less than another
margin by a margin of, a narrow/small/wide margin, (within the margin of error)a margin of error, allow a margin of error of, subject to a wide margin of error, on the margins of society a profit margin:improved margin, to increase margins the profit of margin is not high enough
64
to supply or produce smth
yield to yield increased profits, to yield surprising/unexpected results, to yield energy, crop yields, high/low yield, yield cash returns
65
inadequacy in the law or a set of rules
loopholes tax loopholes, to find loopholes, to close a loophole, to exploit/take advantage of a loophole, a loophole in the regulations
66
very small
nominal to charge/pay nominal fees, a nominal amount, nominal interest rates also: in name only - the nominal head of the company
67
a portion of money
tranche | a tranche of the loan, a large tranche of money
68
a particular way of doing smth
modus operandi | a company's official modus operandi
69
racket
badminton, squash racket an illegal activity that makes money- a front to mask a money-laundering racket a loud and discordant noise - make a racket
70
a business that provides goods/services
a local purveyor of smth | a food/tea purveyor
71
a detailed list of things
inventory | a complete/extensive/detailed inventory, do/make/take an inventory
72
to refuse to buy a product as a way of expressing disapproval
boycott to join/support a boycott, call for/demand a boycott, a boycott of/ against smth the boycott of goods from
73
an official order or commission to do smth
mandate-edict also- authority given to smn call an election to seek a mandate for your policies, to give a mandate to
74
compensate smn if they suffer damage
indemnify | to indemnify the business against losses, to indemnify sb for smth
75
an important and powerful person
mogul | movie/media/industry mogul
76
payment for work or services
remuneration to receive adequate remuneration for your work a lucrative remuneration package
77
the rate of smn's progress
learning curve | steep/sharp learning curve
78
requiring a lot of workers or a lot of effort
labor-intensive task/process
79
to silence smn
offer hush money
80
invest money without doing anything else (not doing any work)
invest as a sleeping partner
81
charge
face criminal charges, be arrested on the charge of misappropriating money, bring a charge of theft against smn, drop the charges, a trumped-up charge/ put/leave smn in charge of smth, take/have charge of, be charged with doing smth/ free of charge, to charge a small/nominal fee, how much do you charge for this, admission charge/ the battery is charging, to run out of charge/ charge around, charge up the staircase/ be charged-up-excited
82
people who go into a shop because they see it while walking by
passing trade strong passing trade the window display is important for drawing in passing trade
83
it's a good thing
it's just as well
84
a gas station
a service station | there is not enough local business to sustain a service station
85
saved money
nest egg to build up a considerable nest egg by the retirement a retirement nest egg
86
a UK tax you pay when you buy property
stamp duty | to be exempt from paying stamp duty on the house as the value didn't exceed the threshold of
87
illegal buying and selling of company's shares by those in power
insider trading to engage in insider trading strongly refute the charges of insider trading
88
official order not to discuss a legal case
``` a gagging(gag) order to issue a gaggingorder ```
89
when a person owns most of the company's shares
majority interest | to secure/hold/acquire a majority interest in
90
a large payment to smn when they retire
to be given a gold handshake
91
tax when you are bequeathed smn
to be liable for inheritance taxif you stand to gain
92
when we talk about an approximate amount of money
to the tune of, to be in debt to the tune of
93
immaterial values like good reputation
intangible asset | charitable endeavours are are importantto us in terms of goodwill
94
financial statement that shows a company's assets and debts
balance sheet | healthy/strong balance sheet
95
synonyms for mogul
tycoon, magnate | business/media tycoon
96
money you receive unexpectedly
``` windfall, bonanza get/have/receive a windfall cash windfall windfall gains/profit a bonanza year/month for, enjoy a bonanza ```
97
time off from work or study
sabbatical-take a leave of absence | on sabbatical/take a sabbatical
98
person who donates smth, esp money
a generous benefactor | an anonymous donor , a gift from a donor
99
money spent on smth
outlay involve little financial outlay, outlay on/for smth, require an initial outlay of, total outlay on the health sector is budgeted at expenditure increase/reduce/keep down expenditure on smth, cut expenditure, annual expenditure on, expenditure of effort on
100
working class
blue-collar workers/jobs
101
self-employed
sole trader | run business as a sole trader
102
a fixed sum of money paid to smn each year
``` annuity receive a small annuity pension to receive generous/comfortable pension, offer a pension scheme/plan, a state/personal pension draw a pension ```
103
unemployment benefit
dole | draw the dole, on the dole, go on the dole