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Economics > English > Flashcards

English Flashcards

1
Q

anything which is readily accepted in settlement of a debt

A

money

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2
Q

coins or notes that can be spent immediately

A

cash

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3
Q

coins that are not of a high value

A

change

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4
Q

the specific type of money used by a particular country

A

currency

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5
Q

money that allows you to survive

A

means

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6
Q

money that you have saved in order to spend it later

A

savings

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7
Q

coins and notes officially accepted in a particular country

A

legal tender

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8
Q

the small amount of cash that an organization uses for minor purchases and providing change to customers

A

petty cash

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9
Q

coins of low value

A

small change

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10
Q

a lot of money

A

small fortune

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11
Q

a fair amount of money in the bank

A

healthy bank balance

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11
Q

the amount of money that you have left after you have paid tax on your salary

A

take home pay

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11
Q

an attempt to save money which actually leads to greater expenses

A

false economy

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12
Q

money without intrinsic value that is used as money because of government decree

A

fiat money

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13
Q

money can influence what is done or how it’s done

A

money talks

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14
Q

it does not matter how much something costs because there is a lot of money available

A

money is no object

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15
Q

to have a lot of money and spend large amounts on things that are not necessary

A

have money to burn

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16
Q

money that you pay someone to stop them from telling…..

A

hush money

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17
Q

make sure that someone can pay for something before you let them have it

A

see the color of someone’s money

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18
Q

to do something rather then just talking about it

A

put your money where your mouth is

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19
Q

money that you can earn with very little work

A

easy money

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20
Q

earn money fast and in large amounts

A

make money hand over fists

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21
Q

money used for starting business

A

seed money

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22
Q

people who recently became rich

A

new money

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23
Q

a product or business generating a lot of money

A

money spinner

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24
Q

disguising the criminal origin of money

A

money laundering

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25
Q

money that is not circulated or invested and does not earn interest

A

idle money

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26
Q

money that is passed quickly from country to country …

A

hot money

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27
Q

a person or a business activity that earns a lot of money

A

money maker

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28
Q

an item that can be easily exchanged in the way that money can

A

near money

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29
Q

the total amount of supply that exists in the economy

A

money supply

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30
Q

an approximate number

A

ballpark figure

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31
Q

the opposite aspect of a matter

A

the other side of a coin

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31
Q

the possession of abundant amount of financial rescores

A

deep pokets

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32
Q

spend more money than you can afford

A

live beyond means

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33
Q

an illegal money lender ….

A

loan shark

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34
Q

agree to share a cost of something, especially a meal

A

go dutch

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34
Q

a very small amount of money

A

peanuts

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35
Q

be under financial difficulties

A

feel the pinch

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36
Q

put up as security or collateral when taking a bank loan

A

mortgage

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37
Q

to keep an amount of money for a time in the future when it might be needed

A

to save for a rainy day

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38
Q

a method of buying expensive goods in which you pay in small amounts of money until you have paid the whole amount

A

hire purchase

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39
Q

something you give or receive instead of money

A

payment in kind

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40
Q

to not have any money

A

to be broke

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41
Q

an amount of money saved for a long period of time to use in the future

A

nest egg

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42
Q

to have a lot of money

A

to flush

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43
Q

to be very rich

A

to be rolling in it

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43
Q

to try to spend less money

A

to tighten someone’s belt

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44
Q

to spend a lot of money on something

A

to splash out

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45
Q

to be very expensive

A

to cost an arm and a leg to

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46
Q

to not be expensive

A

to be dirt cheap

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47
Q

it is designed to measure the true cost of a loan

A

annual percentage rate

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47
Q

to get something for very cheap

A

to get something for a song

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48
Q

a list of people that a company employs and the money each of them earns

A

payroll

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49
Q

the amount of money that you earn

A

pay packet

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50
Q
  1. employed by a particular company
  2. the total amount of money paid by a company to its employees
A

on the payroll

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51
Q

a piece of paper you get from your employer when you are paid

A

payslip

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52
Q

a system for paying for mobile phone calls by buying a fixed amount of time before you make the call

A

pay as you go

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53
Q

you pay after taxes

A

take home pay

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54
Q

a decision not to increase pay

A

pay freeze

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55
Q

money paid to you for a period when you are not working

A

holiday/ sick/ maternity pay

56
Q

show what a company owns and what it owes at a specific point in time

A

balance sheet

57
Q

describes a company’s income

A

profit and loss account

58
Q

usually carried out by auditors employed by the company

A

internal auditing

59
Q

when an independent auditor examines ….

A

external auditing

60
Q

involves making at least two entries for every transaction

A

double entry bookkeeping system

61
Q

a record of businesses’ financial flow

A

financial statement

62
Q

describes how much cash was used in corporate operating

A

cash flow statement

63
Q

explains the changes in a company’s equity over the reporting period

A

statement of changes in shareholders’ equity

64
Q

typically describe each item on the company’s financial statements in further detail

A

notes to the financial statements

65
Q

the value that a company has in addition to the value of its assets

A

goodwill

66
Q

money received from the sales of products and services before expenses are taken out

A

top line

67
Q

the result after all revenues and expenses have been accounted for

A

bottom line

68
Q

to check and analyze the accounting records of a company

A

to go over the books

69
Q

to have expenses equal to profit

A

to break even

70
Q

to be burdened with debt

A

to be saddled with debt

71
Q

to remove from a business record

A

to write off

72
Q

to keep records of money gained and spent

A

too keep books

73
Q

illegally change information in accounting books

A

to cook the books

74
Q

writing down the details of transactions

A

bookkeeping

75
Q

working out the unit cost of products, including the materials, labour …

A

cost accounting

76
Q

keeping financial records, recording income and expenditure, valuing the assets ….

A

accounting

77
Q

preparing budgets and other financial reports necessary for management

A

managerial accounting

78
Q

calculating an individual or company’s liability for tax

A

tax accounting

79
Q

inspection and evaluating of accounts by auditors

A

auditing

80
Q

valuable things someone owns

A

assets

80
Q

money spent by a firm to continue its ongoing operations

A

expenses

81
Q

using all available accounting procedures and tricks to disguise the true financial position of a company

A

creative accounting

82
Q

usually large sums of money spent/ invested by a government

A

expenditure

83
Q

what one owse to others

A

liabilities

83
Q

what remains after liabilities are deducted from assets

A

owners’ equity

83
Q

obligations that will have to be met within a year of the date of the balance sheet

A

short term liabilities

84
Q

obligations that fall due a year or more after the date of the balance sheet

A

long term liabilities

85
Q

profitable possibilities of filling unsatisfied needs and creating new ones in areas in which a company is likely to enjoy a differential advantage due to its instinctive competencies

A

market opportunities

86
Q

all the various elements of a marketing program ….

A

marketing mix

87
Q

the market in which people buy products for direct consumption

A

consumer market

88
Q

the market consisting of all individuals and organizations that acquire good or services that are used in production of other goods

A

business market

89
Q

services that continues after the sale of a product

A

after sales services

90
Q

offer to pay back part of the purchase price of a product to costumers who send a proof of purchase to the manufacture

A

cash refund offer

91
Q

two or more shops or outlets that have the same owner and sell similar products

A

chains store

92
Q

small shop located near a residential area that opens long hours

A

convenience store

93
Q

a promise that a product will be repaired or replaced if faulty

A

guarantee

93
Q

to maintain contact after the sale to ensure customers satisfaction

A

follow up

94
Q

a potential customer

A

prospect

95
Q

something that can change and affect the result

A

variable

95
Q

something that is related to another thing but is not exactly the same thing

A

variant

96
Q

difference between two different things

A

variance

97
Q

the existence of differences in amount, number…

A

variation

98
Q

a collection of people, ideas or things all different one from another

A

variety

99
Q

oral communication with potential buyers of a product with intention of making a sale

A

personal selling

100
Q

an unexpected phone call or visit b someone trying to sell the product

A

cold call

100
Q

non personal promotion efforts that are designed to have an immediate impact on sale

A

consumer promotion

101
Q

a supermarket with very low prices

A

deep discounter

102
Q

a very large shop with a variety of goods

A

hypermarket

103
Q

the extent to which the general public s able to identify a brand by its attributes

A

brand recognition

104
Q

a brand that dominates all products or services in a range or across the business

A

master brand

105
Q

a product that is tied to a large brand, but it has its own brand strategy

A

sub brand

106
Q

when consumers become committed to your brand

A

brand loyalty

107
Q

a process of taking a look at the overall identity of a company and making changes or revision to the identity

A

re branding

108
Q

a mixture of attributes ….

A

brand

109
Q

a brand that acts as an endorsement to one or more sub brands

A

parent brand

110
Q

selecting and blending tangible and intangible attributes to differentiate the product

A

branding

111
Q

the process of maximizing the number of visitors to a particular website ….

A

search engine optimization

112
Q

the process of creating and distributing relevant content to attract ….

A

content marketing

113
Q

an activity of engaging with a powerful influencer …

A

influencer marketing

114
Q

connection that a company makes with its customers using platform such as online reviews ….

A

online customer engagement

115
Q

visitors coming from unpaid sources such as a search engine

A

organic traffic

115
Q

the point in which an ad is viewed once by a visitor …

A

impression

116
Q

the collective of online communication channels dedicated to community-based input …

A

social media

117
Q

the method of determining the location of a website visitor and delivering different content to that visitor based on his/her location

A

geo targeting

118
Q

the internet version of word-of-mouth marketing …

A

viral marketing

119
Q

division of the market based on geography, social class and consumer behavior

A

market segmentation

120
Q

small part of a s specialized market

A

market niche

120
Q

country or area which a monopolist has declared to be out of bounds ….

A

closed market

121
Q

proportion of the total demand for a product supplied by a particular manufacturer

A

market share

122
Q

country or area in which, by agreement, several manufacturers are free to compete with each other

A

open market

123
Q

a particular group of consumers at which a product or services is aimed

A

target market

124
Q

extent to which a company gains a share of the market

A

market penetration

125
Q

a market in which the supply of goods is plentiful …

A

buyers’ market

126
Q

company that has the largest market share in the industry ….

A

market leader

127
Q

a good period for sellers, when prices are rising quickly

A

price boom

128
Q

government efforts to limit price increase

A

price controls

129
Q

a reduction in price

A

price cut

130
Q

an increase in price

A

price hike

131
Q

a company that is first to reduce or increase prices

A

price leader

132
Q

label attached to goods showing the prices

A

price tag

133
Q

competition characterized by the repeated cutting of prices below those of competitors

A

price war

134
Q

a form of advertising when satisfied customers recommend products or services to services

A

word of mouth advertising

134
Q

contract to produce advertisements for a specific company

A

advertising deal

135
Q

amount of money the company plans to spend in developing its advertising and buying media time

A

advertising budget

136
Q

the choice of how and where to advertise and in what proportions

A

media plan

137
Q

the advertising of a particular product or service during a particular period of time

A

advertising campaign

Economics (4 decks)

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