voc_u4_rev

Question 1

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

Answer 1

Custom

Question 1

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

Answer 1

Outsourcing

Question 2

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 2

Offshoring

Question 3

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

Answer 3

Nearshoring

Question 4

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

Answer 4

Intangible

Question 5

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

Answer 5

Conducive

Question 6

To communicate an idea or feeling without saying it directly.

Answer 6

To imply

Question 7

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

Answer 7

Organic

Question 8

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

Answer 8

Perks

Question 9

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

Answer 9

Fringe benefits

Question 10

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

Answer 10

To employ

Question 11

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

Answer 11

Gross

Question 12

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

Answer 12

Net

Question 13

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

Answer 13

Headquarters

Question 14

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

Answer 14

Payroll

Question 15

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

Answer 15

Applicant

Question 16

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.

Answer 16

Flextime (BrE: flexitime)

Question 17

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 17

Temp (abbreviation of temporary)

Question 18

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 18

Supplier

Question 19

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 19

Salary

Question 20

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 20

Wage

Question 21

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

Answer 21

Turnover

Question 22

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

Answer 22

Lucrative

Question 23

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

Answer 23

Invoice

Question 24

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

Answer 24

Quotation

Question 25

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

Answer 25

Subsidiary

Question 26

A company that controls other smaller companies.

Answer 26

Parent company

Question 27

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

Answer 27

Merger

Question 28

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

Answer 28

Takeover

Question 29

Incorporated (Inc.) is that American equivalent.

Answer 29

PLC (Public Limited Company)

Question 30

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

Answer 30

Ltd. (Limited liability company)

Question 31

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

Answer 31

SME (Small and Medium Enterprise)

Question 32

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

Answer 32

NGO (Non-Governmental Organization)

Question 33

Relating to a person’s own country.

Answer 33

Domestic

Question 34

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

Answer 34

Competitor

Question 35

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

Answer 35

Subcontractor

Question 36

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

Answer 36

Sweatshop

Question 37

To use someone unfairly for your own advantage.

Answer 37

Exploit

Question 38

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

Answer 38

Working conditions

Question 39

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

Answer 39

Emerging markets

Question 40

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

Answer 40

Flagship

Question 41

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

Answer 41

Total cost of ownership