Deck #1 - Business Terms

Question 1

above board (adj) [not before a noun]

Answer 1

honest and legal

Question 2

acquire (v)

Answer 2

if one company acquires another, it buys it

Question 3

acquisition (n)

Answer 3

when one company buys another or part of another company, or the company, or the company or part of a company that is bought

Question 4

advertising campaign (n)

Answer 4

an organization’s programs of advertising activities over a particular period with specific aims, for example an increase in sales or awareness of a product

Question 5

agenda (n)

Answer 5

a list of the subjects to be discussed at a meeting; the things that someone considers important or that they are planning to do something about

Question 6

aggressive (adj)

Answer 6

an aggressive plan or action is intended to achieve its result by using direct and forceful methods; an aggressive person or organization is very determined to achieve what they want

Question 7

alliance (n)

Answer 7

an agreement between two or more organizations to work together

Question 8

AOB (n)

Answer 8

any other business; the time during a meeting when items not on the agenda can be discussed

Question 9

application (n)

Answer 9

a formal, usually written, request for something or for permission to do something; a formal request for work; a practical use of for something; a piece of software for a particular use or job

Question 10

apply (v)

Answer 10

to make a formal, usually written request for something especially a job, a place at university, or permission to do something; to use something such as a law or an idea in a particular situation, activity, or process

Question 11

approximate (adj)

Answer 11

an approximate amount number etc is a little more or a little less than the exact amount, number etc.

Question 12

asset (n)

Answer 12

something belonging to an individual or a business that has value or the power to earn money

Question 13

attend (v)

Answer 13

to go to an event such as a meeting

Question 14

attribute (n)

Answer 14

a characteristic, feature, or quality

Question 15

awareness (n)

Answer 15

knowledge or understanding of a particular subject, situation, or thing

Question 16

background (n)

Answer 16

someone’s past, for example their education, qualifications, and the jobs they have had

Question 17

balance sheet (n)

Answer 17

a document showing a company’s financial position and wealth at a particular time. The balance sheet is often described as a ‘photograph’ of a company’s financial situation at a particular moment

Question 18

bankrupt (n)

Answer 18

someone judged to be unable to pay their debts by a court of law and whose financial affairs are handled by a court official until the debts are settled

Question 19

bankrupt (adj)

Answer 19

not having enough money to pay your debts

Question 20

bankrupt (v)

Answer 20

to make a person, business or country go bankrupt

Question 21

bankruptcy (n)

Answer 21

when someone is judged to be unable to pay their debts by a court of law, and their assets are shared among their creditors (those that they owe money to)

Question 22

bank statement (n)

Answer 22

information sent regularly by a bank to a customer, showing the money that has gone into and out of their account over a particular period

Question 23

barrier to trade also trade barrier (n)

Answer 23

something that makes trade between two countries more difficult or expensive, for example a tax on imports

Question 24

benchmark (n)

Answer 24

something that can be used as a comparison to judge or measure other things; good performance in a particular activity in one company that can be used as a standard to judge the same activity in other companies

Question 25

benefits package (n)

Answer 25

the total amount of pay and all the other advantages that an employee may receive such as bonuses, health insurance, a company car etc.

Question 26

bid (n)

Answer 26

an offer to buy something, for example a company in a takeover, or the price offered; an offer to do work or provide services for a fixed price, in competition with others

Question 27

bid (v)

Answer 27

to offer to pay a particular price for something for example a company in a takeover; to offer to do work or provide services for a fixed price, in competition with others

Question 28

billboard (n)

Answer 28

a large sign used for advertising

Question 29

blueprint (n)

Answer 29

a plan for achieving or improving something