Business & Money

Question 1

Passive income

Answer 1

Definition: Income earned from investments, not requiring active work.

Example: She earns passive income from her stock dividends.

Question 2

Make a profit

Answer 2

Definition: The financial gain after deducting expenses from revenue.

Example: The company made a profit of $50,000 last quarter.

Question 3

Make a loss

Answer 3

Definition: When the cost of producing or selling something exceeds the revenue.

Example: The startup made a loss in its first year of operation.

Question 4

make a Revenue

Answer 4

Definition: The total income generated by the sale of goods or services.

Example: The company’s revenue has grown by 10% this year.

Question 5

Salary

Answer 5

Definition: A fixed regular payment made by an employer to an employee.

Example: He receives a monthly salary from his job at the bank.

Question 6

To save up / set aside

Answer 6

Definition: To accumulate money over time for future use.

Example: I’m saving up for a vacation next summer.

Question 7

Afford

Answer 7

Definition: To have enough money to pay for something.

Example: We can’t afford a new car right now.

Question 8

Bargain

Answer 8

Definition: Something that costs less than its normal market value.

Example: The jacket was a real bargain at 50% off.

Question 9

Cost of living

Answer 9

Definition: The amount of money required to cover basic expenses.

Example: The cost of living in the city is quite high.

Question 10

Deflation

Answer 10

Definition: A decrease in the general price levels in an economy.

Example: The country experienced deflation during the economic downturn.

Question 11

Frugal

Answer 11

Definition: Economical and careful when spending money.

Example: She is frugal and prefers to save rather than spend.

Question 12

Funds / Funding

Answer 12

Definition: Money available for a specific purpose.

Example: They secured funding for the new project from investors.

Question 13

Inflation

Answer 13

Definition: A general increase in prices and a fall in the purchasing value of money.

Example: Inflation has driven up the cost of groceries.

Question 14

Overpriced

Answer 14

Definition: Being sold for more than it is worth.

Example: The tickets were overpriced, but we bought them anyway.

Question 15

Buy in bulk

Answer 15

Definition: To purchase large quantities at a lower price.

Example: We save money by buying household supplies in bulk.

Question 16

Cash injection

Answer 16

Definition: An investment of cash into a business to support or expand it.

Example: The startup received a cash injection from a venture capital firm.

Question 17

Clear a debt

Answer 17

Definition: To pay off money that is owed.

Example: I finally cleared my credit card debt.

Question 18

Financial aid

Answer 18

Definition: Money provided to help pay for education or other expenses.

Example: She received financial aid to help with her university fees.

Question 19

Financially dependent

Answer 19

Definition: Relying on someone else for financial support.

Example: Many college students are financially dependent on their parents.

Question 20

Financially independent

Answer 20

Definition: Not needing financial support from others.

Example: After getting a high-paying job, he became financially independent.

Question 21

Government funding

Answer 21

Definition: Money provided by the government for a specific purpose.

Example: The new research program was launched with government funding.

Question 22

Increase / Decrease funding

Answer 22

Definition: To raise or lower the amount of money allocated to a project or cause.

Example: The organization increased funding for environmental initiatives this year.

Question 23

To increase/boost funding

Answer 23

Definition: To make more money available for a certain purpose.

Example: The school plans to increase funding for new educational programs.

Question 24

To reduce/cut funding

Answer 24

Definition: To lower the amount of money allocated to a project or cause.

Example: Due to the economic crisis, they decided to cut funding for public services.

Question 25

Profit margin

Answer 25

Definition: The percentage of revenue that exceeds the costs of goods sold, indicating a company’s profitability.

Example: The company’s high profit margin allowed it to invest in expansion projects.

Question 26

Market share

Answer 26

Definition: The portion of total sales in a market held by a particular company or product.

Example: Apple Inc. dominates the smartphone market with a significant market share.

Question 27

Supply chain

Answer 27

Definition: The sequence of processes involved in the production and distribution of goods.

Example: Effective management of the supply chain is crucial for minimizing costs and ensuring timely delivery.

Question 28

Economic downturn / decline / collapse

Answer 28

Definition: A period of declining economic activity, often characterized by reduced consumer spending and investment.

Example: The recent economic downturn led to layoffs across various industries.

Question 29

Market segmentation

Answer 29

Definition: Dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors.

Example: The company used market segmentation to tailor its marketing strategies to specific customer groups.

Question 30

Cash flow

Answer 30

Definition: The movement of money into and out of a business or financial product.

Example: Managing cash flow is essential for ensuring a company’s financial stability.

Question 31

Revenue stream

Answer 31

Definition: The sources from which a business earns money, such as product sales, services, or advertising.

Example: The company’s diverse revenue streams contributed to its overall profitability.

Question 32

Market saturation

Answer 32

Definition: The point when a product has been widely adopted by consumers within a market.

Example: The smartphone market reached saturation, leading companies to focus on innovation to attract new customers.

Question 33

Taxation

Answer 33

Definition: The system of levying taxes on individuals or businesses by the government to fund public expenditures.

Example: Changes in taxation policies can influence business decisions and consumer behaviour.

Question 34

Commodities

Answer 34

Definition: Raw materials or primary agricultural products that can be bought and sold, such as metals, oil, or agricultural products.

Example: The price of commodities like oil and copper is influenced by global supply and demand dynamics.

Question 35

nine-to-five

Answer 35

describes work that begins at nine o’clock in the morning and ends at five o’clock, which are the hours that people work in many offices from Monday to Friday

She’s tired of working nine-to-five.