voc_u4

Question 1

Custom

Answer 1

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

Question 2

Outsourcing

Answer 2

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

Question 3

Offshoring

Answer 3

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.

Question 4

Nearshoring

Answer 4

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

Question 5

Intangible

Answer 5

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

Question 6

Conducive

Answer 6

Providing the right conditions for something good to happen or exist.

Question 7

To imply

Answer 7

To communicate an idea or feeling without saying it directly.

Question 8

Organic

Answer 8

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

Question 9

Perks

Answer 9

Something that you get for working, in addition to your pay, that is not in the form of money. (not fringe benefits)

Question 10

Fringe benefits

Answer 10

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

Question 11

To employ

Answer 11

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

Question 12

Gross

Answer 12

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

Question 13

Net

Answer 13

An employee’s earnings after all deductions are taken out.

Question 14

Headquarters

Answer 14

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

Question 15

Payroll

Answer 15

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

Question 16

Applicant

Answer 16

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

Question 17

Flextime (BrE: flexitime)

Answer 17

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

Question 18

Temp (abbreviation of temporary)

Answer 18

A person employed to work for a short period, especially in an office while another person is absent or when there is extra work.

Question 19

Supplier

Answer 19

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.

Question 20

Salary

Answer 20

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

Question 21

Wage

Answer 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.

Question 22

Turnover

Answer 22

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

Question 23

Lucrative

Answer 23

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

Question 24

Invoice

Answer 24

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

Question 25

Quotation

Answer 25

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

Question 26

Subsidiary

Answer 26

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

Question 27

Parent company

Answer 27

A company that controls other smaller companies.

Question 28

Merger

Answer 28

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

Question 29

Takeover

Answer 29

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

Question 30

PLC (Public Limited Company)

Answer 30

Incorporated (Inc.) is that American equivalent.

Question 31

Ltd. (Limited liability company)

Answer 31

Used in the name of a company whose owners have limited responsibility for the money that it owes.

Question 32

SME (Small and Medium Enterprise)

Answer 32

A company or companies considered as a group, that are neither very small nor very large.

Question 33

NGO (Non-Governmental Organization)

Answer 33

An organization that tries to achieve social or political aims but is not controlled by the government.

Question 34

Domestic

Answer 34

Relating to a person’s own country.

Question 35

Competitor

Answer 35

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

Question 36

Subcontractor

Answer 36

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

Question 37

Sweatshop

Answer 37

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

Question 38

Exploit

Answer 38

To use someone unfairly for your own advantage.

Question 39

Working conditions

Answer 39

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

Question 40

Emerging markets

Answer 40

The markets of developing countries that are rapidly growing and industrializing.

Question 41

Flagship

Answer 41

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

Question 42

Total cost of ownership

Answer 42

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