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Economics > English 2 > Flashcards

English 2 Flashcards

1
Q

favorable mentions of a company’s product or services, in any medium read, viewed or heard by a company’s consumers or potential customers

A

publicity

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2
Q

business that exists to maximite profit

A

firm

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3
Q

firm which owns or controls production or services outside the country it is based in

A

multinational corporation

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4
Q

private individual who runs a one-man business and takes all the profits but also all the risks

A

sole trader

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5
Q

a firm of which at least half of the shares are owned by another company, cold a parent or a holding company

A

subsidiary

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6
Q

association of two or more people sharing the risks and profit in agreed proportion

A

partnership

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7
Q

company which must have a minimum nominal share capital of 50 000$, whereby shares can be freely bought and sold by the members of the public

A

public limited company

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8
Q

the process when a company raises capital by selling shares on the open market

A

going public

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8
Q

company which usually does not produce goods and services itself, but rather its purposes is to own shares of other companies to form a corporate group

A

holding company

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8
Q

a partner in partnership who invests in business but has no dealing with day to day running of the enterprise

A

silent partner

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9
Q

business activity in which two or more people or organizations work together

A

joint venture

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9
Q

document which sets out who should get what in a partnership

A

deed of partnership

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10
Q

a principal which means that personal assets of the owner can be used to pay any business debts

A

unlimited liabilities

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11
Q

a principal which means that an investor’s ability to debt is limited to the extent of their shareholding

A

limited liabilities

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12
Q

the activity of production, buying and selling goods and services

A

business

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13
Q

used in a positive way to talk about business, emphasizing the use of money to take risks

A

enterprise

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13
Q

large companies considered together

A

big business

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13
Q

a company, a firm, or more formally a concern which sells goods and services

A

a business

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14
Q

a large company, especially in the USA

A

corporation

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15
Q

organization which social aims, such as helping the sick or the poor or stimulating artistic activities

A

non - profit organization charities

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16
Q

an economy characterized by an enterprise culture

A

enterprise economy

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16
Q

overall combination of computer hardware and software that a business uses to organize and run their business operations

A

enterprise system

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17
Q

a business activates owned by individuals rather than the state

A

free enterprise

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18
Q

an area where the government encourages companies to start new businesses by offering them lower taxes, less paperwork ….

A

enterprise zone

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19
Q

a program used in the UK to make it easier for smaller, riskier companies to raise capital

A

enterprise investment scheme

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19
Q

an organization that is directly involved in the sale of goods and services to a market, but whose profits are principally used to fund social programs

A

social enterprise

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20
Q

an atmosphere which encourages people to make money thru their own activities and not relay on government

A

enterprise culture

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21
Q

the development on industry on an extensive scale

A

industrial enterprise

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21
Q

a legal entity that undertakes commercial activities on behalf of the state

A

state enterpise

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22
Q

a company that is in its first stages of its operation

A

start up

23
Q

money lent to new companies to help them develop, also called risk capital

A

venture capital

24
Q

a private person who invests money into a new business

A

angel investor

25
Q

the amount of profit that an investor produces

A

rate of return

25
Q

not willing to take risks

A

risk - averse

26
Q

building a business out of very little or virtually nothing, relaying usually on personal income or savings

A

bootstrapping

27
Q

the annual percentage rate at which costumers stop subscribing to a service or employees leave the job

A

churn rate

28
Q

the process of developing new products or services to replace existing technologies and gain a competitive advantages

A

disruptive innovation

28
Q

the very first sale of shares issued by a company to the public

A

initial public offering

29
Q

to create and enterprise from scratch

A

to start your own business

29
Q

an agreement between two or more parties to protect sensitive information or confidential information

A

non-disclosure agreement

30
Q

to operate manually

A

to be in business

30
Q

to stop doing business permanently

A

to go out of business

31
Q

a small card with your name on it, address, phone number….

A

business card

32
Q

the hours that a shop or other business is usually open

A

business hours

33
Q

the study of how the business work, especially financial and management aspects

A

business studies

34
Q

serious and effective in the way you do things

A

businesslike

35
Q

usually, a small business run by a family members

A

family business

36
Q

a large company mainly owned by one person or family

A

business empire

37
Q

a collection of date whose properties are analysed

A

population

37
Q

a group or set chosen from a large population of people or a group of factors in a random manner that allows for each member to have an equal chance of being chosen

A

random sample

38
Q

a number that shows how widely numbers of a mathematically related data set vary from the average

A

standard deviation

38
Q

describes a main feature of a collection of date in quantitative terms

A

descriptive statistics

39
Q

a group or set chosen from a large group or population of factors that adequately replicates the large group according to whatever characteristics is under a study

A

representative sample

40
Q

a piece of information showed in number

A

statistic

41
Q

a discipline which deals with the collection, analysis, interpretation, presentation and organization of data

A

statistics

42
Q

a person who works with statistics

A

statistician

43
Q

money paid monthly directly into a bank account, normally to manual work

A

salary

43
Q

done in a statistical way

A

statistically

44
Q

money paid weekly and usually in cash

A

wage

45
Q

extra payments such as a car or a free accommodation received by right in addition to the salary or wage

A

perks

46
Q

combination of salary and perks

A

remuneration package

47
Q

the total number of things that company sells within a particular period of time

A

sales

47
Q

a single instance of selling goods and services, an event during which s shop reduces prices

A

sale

48
Q

available for people to buy

A

for/on sale

49
Q

someone who’s job is to help customers and sell in a shop

A

sales assistant

50
Q

the statements and promises someone make in an attempt to persuade someone to buy something

A

sales pitch

51
Q

an individual who acts as entrepreneur but from inside the confines of a large operation

A

intrapreneur

51
Q

sums of money that a person receives for the work they do in a particular period of time

A

earnings

51
Q

someone whose job is to travel to different places and sell products of a particular company

A

sales rep

52
Q

an individual who accepts financial risks and undertakes financial ventures

A

entrepreneur

53
Q

the point in a group of numbers at which half are higher and half are lower

A

median

53
Q

number typical of a group of numbers

A

average

54
Q

sum of all the items in a group, divided by the number of items in the group

A

mean

55
Q

number that occurs most often in any series of data

A

mode

Economics (4 decks)

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