Razlage (1. - 5.) Flashcards

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1
Q

University

A

A university is an institution of higher education and research and is usually divided into a number of academic units.

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2
Q

Diploma/university degree

A

A diploma is a document obtained after completing a shorter course, while a university degree refers to an academic award.

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3
Q

Required course/elective courses

A

Required courses are obligatory and elective courses are optional.

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4
Q

Gymnasium

A

Gymnasium is a sport hall.

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5
Q

Tuition/scholarship

A

Tuition is a fee students pay for instruction, while scholarship is an award of financial aid.

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6
Q

School facilities/school premises

A

School facilities refer mainly to buildings, while school premises refer to the land and buildings.

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7
Q

Human resources management (HRM)

A

Is an administrative process of hiring and managing people. A more recent term is talent management, as every company seeks to hire, develop and retain the best performers.

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8
Q

Contract of employment

A

It clearly specifies the rights and responsibilities of the employer.

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9
Q

Fringe benefits/perks

A

An effective system of financial and non-financial incentives.

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10
Q

A golden handshake/golden parachute

A

A lavish severance package of financial and non-financial nature when the employment is terminated.

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11
Q

A golden hello

A

A joining bonus on joining the company.

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12
Q

A labour crunch

A

A shortage of qualified workers.

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13
Q

Freelancer

A

Somebody who is self-employed and is not committed to a particular employer long term.

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14
Q

Internal recruitment

A

When companies promote employees within an organization.

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15
Q

Headhunting firm

A

A firm that helps a company find adequate employees.

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16
Q

Hire and fire “at will”

A

This means that employment can be terminated at any time without any reason.

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17
Q

A buyer

A

Selects and purchases stock or materials for a manufacturing business. (nabavni referent)

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18
Q

Sales executive

A

Works in sales and is responsible for purchasing. (komercialni direktor)

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19
Q

Entrepreneur

A

Is a person who has set up their own firm.

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20
Q

A servant

A

Works in the government department and is responsible for putting government plans into action. (državni uradnik)

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21
Q

Turnover

A

If employees are fired and hired regularly.

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22
Q

Benefits

A

When workers are laid off, they may apply for this.

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23
Q

Absenteeism

A

Regular absence from work with no good reason.

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24
Q

Staff retention

A

The decision to keep the current employees.

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25
Q

Redeployment

A

When employees are moved to another task.

26
Q

Performance appraisal

A

A meeting between an employee and their manager to evaluate the employee’s work and to plan future tasks.

27
Q

Flexi time

A

A system in which employees work a particular number of hours but can choose when to start and finish each day.

28
Q

Financial forecast

A

It provides insight into how much funding the business might require to cover the initial start-up costs.

29
Q

A sole trader/sole proprietor

A

Describes the type of business where one person owns and runs the business.

30
Q

General unlimited partnership

A

Is a business where two or more people share the responsibilities for running the business and take equal share of the profits but are also fully liable. (d.n.o.)

31
Q

A limited liability partnership

A

Is a business with limited liability where the owners’ liability is restricted to their share/stock capital. (kapitalske družbe)

32
Q

A private limited company or corporation (Ltd, LLC)

A

In LLC the share ownership is in private hands and not traded on the stock exchange. They are usually small and run as family businesses. (d.o.o.)

33
Q

Public limited company or corporation (Plc, Inc, Corp, Co)

A

A large company whose shares can be bought by the general public.

34
Q

A franchise

A

A company that is owned or controlled by another company.

35
Q

Perservant

A

Persistent in doing something despite difficulties.

36
Q

Impatient

A

Not accepting delay or opposition with calm and patience.

37
Q

Flair for business

A

Natural ability to do business well.

38
Q

Drive

A

A planned effort to achieve something.

39
Q

Parent/holding company

A

A company that is the main owner of a subsidiary.

40
Q

Subsidiary/daughter company

A

A large corporation consisting of several companies.

41
Q

Corporate governance

A

A type of licence granting permission to operate a business in accordance with the rules and guidelines established by the franchisor.

42
Q

To go public

A

To start selling shares on the stock exchange.

43
Q

Raw material

A

The basic systems and services necessary for a country to run smoothly.

44
Q

Headquarters

A

A place from which an organization is controlled.

45
Q

Conglomerate

A

A natural or basic substance used in an industrial process.

46
Q

Annual report

A

It presents the key financial statements of the previous year. It is consisted of: a balance sheet, a profit and loss account and a cash flow statement.

47
Q

A balance sheet

A

Shows the financial position of the company and gives a picture of what the company owns or owes. It reports the company’s assets, liabilities and shareholder’s equity on a specific date.

48
Q

Assets

A

Are items of value or the ability to earn money. They are divided into current and fixed assets.

49
Q

Depreciation

A

A reduction in the value of a tangible asset.

50
Q

Liabilities

A

Are obligations to pay suppliers, banks, tax authorities, pension funds and shareholders. They are divided into current and long-term.

51
Q

Shareholders’ equity

A

It consists of the capital invested by shareholders and retained earnings, which is the profit that has not been paid out as dividends.

52
Q

A profit and loss account/ P/L account

A

It shows whether the company has made or lost money in the accounting period.

53
Q

Net profit/bottom line

A

Are revenues less costs and expenses.

54
Q

A cash flow statement

A

Shows how the company obtains and uses cash by recording inflows and outflows. They refer to operating activities, financing activities and investment activities.

55
Q

Creative accounting/window dressing/cook the books/doctor the accounts

A

The practice of misstating the financial results of the company. It is a fraud.

56
Q

Top line

A

Total revenues before paying expenses.

57
Q

Double-entry bookkeeping

A

A system of recording every transaction twice.

58
Q

Overheads

A

General costs that cannot be related to a specific product (rent).

59
Q

A break-even point

A

Is the output at which revenue equals costs, with no profit or loss.

60
Q

Tax evasion

A

Is making false declaration to tax authorities and it is illegal.