Vocabulary Quiz 1 Flashcards Preview

English for Business Studies Vocabulary > Vocabulary Quiz 1 > Flashcards

Flashcards in Vocabulary Quiz 1 Deck (29):
1

outsourcing

to send a company's work to another country

(The company outsources many of its jobs to less developed countries.;
The work was outsourced to a factory in China.)

2

external

outside the company

(e.g., The company will hire external consultants to improve its information security technology)

3

internal (adj.)

inside the company

(e.g., The company is struggling with an internal problem.)

4

consultant (n.)

a person who provides expert advice to a company

(e.g., They've hired a computer consultant to assess how the company can upgrade its system.)

5

strike (n)

when workers stop working in order to force an employer to agree to their demands

(e.g., The workers went on a strike because they wanted an increase in pay and improvement in work conditions.)

6

resign (v.)

to give up a job

(e.g., The newspaper's editor resigned after the scandal.; He resigned from his job as principal of the school.)

7

fire (v.)

to be forced to quit

(e.g., John was fired from his job because he kept playing video games at work)

8

lay off (n.)

to end a worker's job because the company has financial difficulties

(e.g., The company announced the layoff of several hundred employees.;
More layoffs are expected at the factory later this year.)

9

paid leave (n.)

when someone is asked to stop working for a period of time, but they are still paid

(e.g., Most companies give employees two weeks worth of paid leave [=vacation] per year.)

10

unpaid leave (n.)

when someone is asked to stop working for a period of time, and they are not paid

(e.g., The journalist was placed on one month unpaid leave for lying in her recent article.)

11

crisis (n.)

a dangerous or difficult situation

(e.g., The company encountered a crisis.; She was dealing with a family crisis at the time;.
Most people blame the government for the country's worsening economic crisis.)

12

objective (n.)

a goal; something you want to achieve

(e.g., The CEO is expanding the business with the objective of improving efficiency.; The main/primary objective of the class is to teach basic typing skills.)

13

promotion (n.)

when someone is paced in a higher position

(e.g., The employee was given a promotion.; There was little chance for promotion within the company)

14

demote (v.)

to place someone in a lower position

(e.g., An employee can be demoted if he does a bad job. Teachers can choose to demote a student to a lower level.)

15

clock in/ clock out (v.)

to record what time you started working or stopped working

(e.g., What time did you clock in? I clocked in 10 minutes late today)

16

hourly pay (n.)

the payment employees receive for every hour they work

(e.g., Employees at fast food restaurants get paid hourly, so they have to write down how many hours they've worked each work)

17

annual salary (n.)

the payment employees receive every year

(e.g., A teacher's annual salary is typically somewhere between $45,000 and $100,000 depending on the amount of experience they have)

18

commission (n.)

an amount of money an employee receives each time he sells something

(e.g., Car salesman receive an average commission of $200 for every car they sell.)

19

bonus (n.)

an extra amount of money that is given to an employee

(e.g., We receive annual bonuses at the end of the year. Staff members were given a bonus for finishing the project on schedule.)

20

reputable (adj.)

describes someone/something that has is respected by most people

(e.g., Apple and Samsung are both reputable companies)

21

reputation (n.)

the way people think about someone or something

(e.g., This car dealership has a good/bad reputation. [=people think that the car dealership is good/bad])

22

innovative (adj.)

describes someone/something who has new ideas or methods

(e.g., a creative and innovative young designer; an innovative approach to the problem)

23

reliable (adj.)

describes someone/something that is trustworthy and dependable

(e.g., a reliable product; a reliable car;
a reliable source of safe drinking water)

24

recall (v.)

to ask people to return a product because it has problems

(e.g., The factory is recalling all the cars because of a problem with the brakes.; Government officials recalled two tons of spoiled meat today.)

25

job security (n.)

when someone's job is safe

(e.g., The company motivates its workers by threatening their job security)

26

benefits (n.)

advantages that come with a job, such as health insurance, dental insurance, paid vacation time, etc.

(e.g., The company provides health (insurance) benefits.;
The job doesn't pay much, but the benefits are good.)

27

incentive (n.)

something that encourages a person to do something or work harder

(e.g., Our salespeople are given financial incentives for reaching their quotas. [=if they reach their quotas they are paid more money];
The rising cost of electricity provides a strong/powerful incentive to conserve energy.)

28

corporate culture (n.)

a company's shared attitudes, beliefs, practices, and work relationships

29

job rotation (n.)

switching between different tasks

(e.g., Herzberg believes that job rotation motivates workers because workers can get bored of doing one job again and again.)