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Business English > Organisation (Unit 2) > Flashcards

Organisation (Unit 2) Flashcards

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Proverbs and Idioms flashcards
1
Q

administration

A

the process or activity of running a business, or an organisation

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2
Q

affiliate

A

a person or organisation attached to a larger body

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3
Q

agency

A

a business providing a service between to parties

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4
Q

board of directors

A

a group of people, usually chosen by shareholders, who run a company

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5
Q

branch

A

a local office or division of a large organization

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6
Q

charity

A

an organization set up to raise money and provide help for those in need

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7
Q

CEO

A

(Chief Executive Officer) the manager with the most authority in the day-to-day running of the business

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8
Q

clerical work

A

routine administration tasks in an office

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9
Q

cooperative

A

an organization that is owned and run by the people involved

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10
Q

corporate identity

A

the “personality” of a company; the qualities that set it apart from others, often expressed in its name or in the design of its packaging and publicity materials

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11
Q

department

A

a section of a large business, organization or shop

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12
Q

distribution

A

the action or process of supplying goods to retailers (a distribution chain)

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13
Q

employee

A

a person employed for wages or salary

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14
Q

employer

A

a person or organisation that employs people

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15
Q

enterprise

A

a company or business, a project or activity, especially one that is difficult and involves taking risks

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16
Q

entrepreneur

A

a person who starts a business, esp. one involving a financial risk (entrepreneurial flair, to study entrepreneurship)

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17
Q

flotation

A

the process of offering a company´s shares for sale on the stock market for the first time (to float shares on the stock market)

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18
Q

founder

A

a person who starts up a company (to found a company)

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19
Q

franchise

A

an authorization given by a company (the franchisor) for others (the franchisees) to use its name and sell its products in return for payment or share in the profits; the shop, restaurant, etc. selling goods in this way

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20
Q

freelancer

A

a person who is self-employed and who may work for different companies

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21
Q

(to) go public

A

to offer shares for sale to the public (=to float a company)

22
Q

headquarters (HQ)

A

the head office or main building of an organization

23
Q

hierarchy

A

an organization with levels in which people higher up give orders to people lower down

24
Q

Human Resources (HR)

A

the department in a company that deals with employing and training people

25
Q

joint-stock company (AE stock corporation)

A

a business that is owned by a group of people (its shareholders) who provide its funds, appoint its managers and share its profits and debts

26
Q

legal entity

A

a person or organization that has the right to make contracts, and to make other legal arrangements

27
Q

limited company
(US limited liability company (LLC))
(UK private limited company (Ltd))

A

a company with limited liability whose shares are not sold to the public

28
Q

limited liability

A

a legal position in which, if the company cannot pay its debts, the shareholders are responsible only for the money they invested in the company

29
Q

listed company/ public company
(US listed corporation (Inc.))
(UK public limited company (plc/PLC)

A

a company with limited liability whose shares are freely traded

30
Q

maintenance

A

the routine activity of keeping property and equipment in good condition

31
Q

a non-profit organization (NPO)

A

an organization that does not issue shares, but uses its profits to achieve its goals

32
Q

open-plan office

A

a large office space with no dividing walls

33
Q

organization chart

A

a diagram that shows the structure of an organization and the relationship between different jobs

34
Q

parent company

A

an organization that owns and controls other companies

35
Q

partnership

A

a type of business organization made up of professionals (e.g. accountants, lawyers, architects) who work together

36
Q

payroll

A

a list of the company´s employees and the amount of money they are paid

37
Q

premises

A

the place (site and building) where a company carries out its business

38
Q

public relations (PR)

A

the job of presenting a positive image of the organization to the public

39
Q

purchasing

A

the activity of obtaining supplies of parts, raw materials, equipment or services for a company (also: procurement)

40
Q

quality assurance

A

the activity of managing the process of producing goods (or providing services) to make sure that they are kept at the standard the customer expects

41
Q

Research and Development (R&D)

A

the part of a business concerned with designing and testing new products, before they go on to the production phase

42
Q

retailer

A

a person or business that sells goods to the public

43
Q

sales

A
  1. the amount of goods or services sold (annual sales, sales figures)
  2. the business of selling (the sales staff)
44
Q

small to medium-sized enterprise (SME)

A

a company that does not have a large number of employees (typically less than 500), and does not sell a large amount of goods or services

45
Q

sole trader

A

a person who has his/her own business

46
Q

staff

A

all the people employed by a company or organization (also: personnel)

47
Q

stakeholder

A

anyone who has a direct or indirect interest in the success of an organization

48
Q

start-up

A

a new company or venture (to start up a company)

49
Q

subsidiary

A

a company that is at least half-owned by another company

50
Q

supervisory board

A

a group appointed by shareholders to advise directors on the managing of the company and ensure that everything is done correctly

51
Q

supplier

A

a company that provides raw materials, parts or equipment to companies that make finished goods

52
Q

warehouse

A

a building where large quantities of goods can be stored before being sent for sale

Business English (4 decks)

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