the business world Flashcards

1
Q

to face the axe

A

to get fired: all staff have been warned that they face the axe should productivity not improve, and that no one is exempt from having to up their perfomance

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2
Q

float on the stock exchange

A

to sell shares on a stock market in order to finance a new company: rumours abound that he is about to float on the stock exchange

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3
Q

companies merge

A

to join together: there’s talk of the two companies merging and it is believed that they would benefit significantly from synergy were this to happen

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4
Q

embark on

A

a hostile takeover bid

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5
Q

completely

by a great amount

A

well and truly

by far and away

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6
Q

facilitate

A

an easy transition

the current structure does not facilitate efficient work flow/to facilitate learning

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7
Q

issue an unexpected profit warning

A

to warn shareholders that profits are going to be low

to engage in panic-selling as a consequence

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8
Q

to end a business

A

to wind up

operate as a going concern

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9
Q

to run a business successfully

A

run a tight ship

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10
Q

alliance

A

to form/forge an alliance

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11
Q

be at loggerheads

A

to disagree over smth

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12
Q

motion

A

a formal suggestion made and voted on at a meeting (at a committee)
introduce/make/propose/put forward a motion (to), pass/approve/ carry a motion, defeat/reject a motion, vote for/in favour of/against a motion
put forward a motion of no confidence in

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13
Q

to strip the assets

A

to sell the assets of a company

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14
Q

to audit the books/accounts

A

to conduct an official financial inspection of a company’s books
to conduct/undertake an audit (undertake an audit of staff performance/be subject to audit and inspection)

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15
Q

to falsify data and figures in a dishonest way

A

to fiddle the accounts/books

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16
Q

to plan how much money you’ll spend on smth

A

budget
draw up a budget/within a budget/to remain within your budget/budgeted(for)/on a budget/cuts in the budget/cut/reduce/increase a budget
to budget for an additional expenditure

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17
Q

provide a company with money by seeking investors

A

recapitalise a firm

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18
Q

cost

A

cut/reduce costs, at great personal cost, to smn’ cost, at the cost of, at cost, at any cost, estimated costs, cover the cost of , considerable/enormous cost, cost in time and effort, at a cost to, to introduce cost-cutting measures

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19
Q

warn smn

A

put smn on notice (that)

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20
Q

overrun

A

an overrun of, face budget overruns, spending overruns considerably, overrun by(minutes), overrun your budget

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21
Q

reduction in the estimated value of an asset and other way around

A

write-down
to write down a company’s value
write-up
Companies should allocate a specific value to intangible assets rather than just being able to write them up as goodwill.
a significant write-up of assets( also: to write smth up- to complete writing or recording smth using your notes: to write up a report /write up your notes/ article in a magazine : to get a good write-up in a newspaper)

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22
Q

to have no profit or loss

A

break even

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23
Q

to call a meeting

A

to convene a meeting , also to convene a conference/committee
a council convenes (assemble)

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24
Q

an examination of smn’s credit history by a financial organization

A

credit check
to conduct/run/do a credit check on smn
ex. legally, employers must have written permission from applicants to do a credit check

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25
Q

a sudden sharp reduction in the availability of money, recession

A

credit crunch

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26
Q

when economic activity does down, increases, and then goes down again
known as negative growth

A

double-dip recession

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27
Q

a small business run from home

A

cottage industry

to grow your business from being a cottage industry to become an international power house

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28
Q

to succeed in a company

A

to climb/move up a corporate ladder, reach the top of the corporate ladder

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29
Q

amount of money moving in and out of business

A

cash flow

strong/weak/healthy cash flow

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30
Q

a high-yield, high-risk bond

A

junk bond

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31
Q

the people in a factory who make the products

A

factory floor - staff on the production line

word on the factory floor is

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32
Q

to compete in a ruthless and often unfair way

A

cut-throat business

when you doble-cross smn

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33
Q

a plan of how smn will end smth such as a business deal

A

exit strategy

to develop/have an exit strategy

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34
Q

false bottom

A

when a stock briefly rallies and then plummets to new lows

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35
Q

an association of several business companies that have joined together to work on a project

A

consortium
to form/join a consortium
a consortium of investors launching a takeover bid
to consort - to associate with smn usually with the disapproval of others

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36
Q

a large corporation formed by the mergin of separate and diverse firms

A

conglomerate
a huge/financial conglomerate
from conglomeration- a large group of different things gathered together : a conglomeration of

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37
Q

a group of representatives and envoys

A

delegate> delegation
also: to give a job or duty to smn: to delegate responsibilities to your staff/ authority to make decisions has been delegated to a special committee

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38
Q

to ask for money/help/information, etc

A

solicit
to solicit donations for a charity, to solicit smth from smn, to solicit smn’s views/opinions

unsolicited(bid/call)

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39
Q

to discover

A

ascertain

to ascertain whether, to ascertain the cause of

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40
Q

the extent to which a product is recognized and bought by customers in a particular trade

A

market penetration
to enhance/gain/increase market penetration, high/small/significant market penetration
the level of market penetration

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41
Q

make progress

A
make inroads(in/into)
make steady inroads
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42
Q

orientation

A

aim, direction
political/sexual orientation, to adopt an eco-friendly orientation, orientation to/towards
the orientation of a product appears to be towards
to arrange an orientation session

43
Q

to mitigate

A

mitigating factors/circumstances

to mitigate damage/risk, mitigate the effects/impact of

44
Q

to have influence on smth

A

be at play

ex. many issues are at play here

45
Q

the activity of making loans with very high interest rates

A

predatory lending

to be accused of predatory lending

46
Q

an official who deals with the complaints made by the public against the government

A

ombudsman

a financial ombudsman

47
Q

synonyms for praiseworthy

A

meritorious(laudable, exemplary)

an award for meritorious service/conduct

48
Q

a social system or organization in which people get success because of their abilities

A

meritocracy

49
Q

when a government helps a part of its country’s industry by taxing goods from other countries

A

protectionism

50
Q

based on or relating to a set of beliefs

A

ideological- ideological differences/profound ideological disagreements

51
Q

intended as punishment

A

punitive

punitive measures against smn, to be awarded punitive damages

52
Q

using your influence to help your family members

A

nepotism, nepotistic, nepotist

53
Q

a previous action that can be used as a reason for doing/allowing smth else

A

precedent

set a precedent for, serve as a precedent, without precedent, establish/create a precedent

54
Q

acceptance of defeat

A

capitulation
a capitulation to (demands)
immediate capitulation by those in authority

55
Q

when employees stop working suddenly because they are dissatisfied with their employer or job

A

to call a lightning strike

56
Q

done without consulting others first

A

done UNILATERALLY

the decision was made unilaterally

57
Q

ability to succeed

A

viability

viability of the proposal/threaten the viability of businesses

58
Q

bankrupt

A

insolvent

59
Q

when a bankrupt company is under the control of a person who was appointed by court to handle the financial affairs of the company

A

receivership

go into receivership, put/place in receivership

60
Q

the act of officially asking for smth

A

requisition
make/place a requisition for a meeting/staff/accommodation, requisition of cultural treasures, to issue a requisition order for,

61
Q

to take back smth such as a property when a buyer defaults on payment

A

repossess

to repossess a home

62
Q

the amount by which the price of smth is increased before it’s sold

A

mark-up- a mark-up of 50 dollars
to mark up the price
a considerable mark-up on the price of smth

63
Q

the amount by which one thing is more or less than another

A

margin
by a margin of, a narrow/small/wide margin, (within the margin of error)a margin of error, allow a margin of error of, subject to a wide margin of error, on the margins of society
a profit margin:improved margin, to increase margins
the profit of margin is not high enough

64
Q

to supply or produce smth

A

yield
to yield increased profits, to yield surprising/unexpected results, to yield energy, crop yields, high/low yield, yield cash returns

65
Q

inadequacy in the law or a set of rules

A

loopholes
tax loopholes, to find loopholes, to close a loophole, to exploit/take advantage of a loophole, a loophole in the regulations

66
Q

very small

A

nominal
to charge/pay nominal fees, a nominal amount, nominal interest rates
also: in name only - the nominal head of the company

67
Q

a portion of money

A

tranche

a tranche of the loan, a large tranche of money

68
Q

a particular way of doing smth

A

modus operandi

a company’s official modus operandi

69
Q

racket

A

badminton, squash racket
an illegal activity that makes money- a front to mask a money-laundering racket
a loud and discordant noise - make a racket

70
Q

a business that provides goods/services

A

a local purveyor of smth

a food/tea purveyor

71
Q

a detailed list of things

A

inventory

a complete/extensive/detailed inventory, do/make/take an inventory

72
Q

to refuse to buy a product as a way of expressing disapproval

A

boycott
to join/support a boycott, call for/demand a boycott, a boycott of/ against smth
the boycott of goods from

73
Q

an official order or commission to do smth

A

mandate-edict
also- authority given to smn
call an election to seek a mandate for your policies, to give a mandate to

74
Q

compensate smn if they suffer damage

A

indemnify

to indemnify the business against losses, to indemnify sb for smth

75
Q

an important and powerful person

A

mogul

movie/media/industry mogul

76
Q

payment for work or services

A

remuneration
to receive adequate remuneration for your work
a lucrative remuneration package

77
Q

the rate of smn’s progress

A

learning curve

steep/sharp learning curve

78
Q

requiring a lot of workers or a lot of effort

A

labor-intensive task/process

79
Q

to silence smn

A

offer hush money

80
Q

invest money without doing anything else (not doing any work)

A

invest as a sleeping partner

81
Q

charge

A

face criminal charges, be arrested on the charge of misappropriating money, bring a charge of theft against smn, drop the charges, a trumped-up charge/
put/leave smn in charge of smth, take/have charge of, be charged with doing smth/
free of charge, to charge a small/nominal fee, how much do you charge for this, admission charge/
the battery is charging, to run out of charge/
charge around, charge up the staircase/
be charged-up-excited

82
Q

people who go into a shop because they see it while walking by

A

passing trade
strong passing trade
the window display is important for drawing in passing trade

83
Q

it’s a good thing

A

it’s just as well

84
Q

a gas station

A

a service station

there is not enough local business to sustain a service station

85
Q

saved money

A

nest egg
to build up a considerable nest egg by the retirement
a retirement nest egg

86
Q

a UK tax you pay when you buy property

A

stamp duty

to be exempt from paying stamp duty on the house as the value didn’t exceed the threshold of

87
Q

illegal buying and selling of company’s shares by those in power

A

insider trading
to engage in insider trading
strongly refute the charges of insider trading

88
Q

official order not to discuss a legal case

A
a gagging(gag) order
to issue a gaggingorder
89
Q

when a person owns most of the company’s shares

A

majority interest

to secure/hold/acquire a majority interest in

90
Q

a large payment to smn when they retire

A

to be given a gold handshake

91
Q

tax when you are bequeathed smn

A

to be liable for inheritance taxif you stand to gain

92
Q

when we talk about an approximate amount of money

A

to the tune of, to be in debt to the tune of

93
Q

immaterial values like good reputation

A

intangible asset

charitable endeavours are are importantto us in terms of goodwill

94
Q

financial statement that shows a company’s assets and debts

A

balance sheet

healthy/strong balance sheet

95
Q

synonyms for mogul

A

tycoon, magnate

business/media tycoon

96
Q

money you receive unexpectedly

A
windfall, bonanza 
get/have/receive a windfall
cash windfall
windfall gains/profit
a bonanza year/month for, enjoy a bonanza
97
Q

time off from work or study

A

sabbatical-take a leave of absence

on sabbatical/take a sabbatical

98
Q

person who donates smth, esp money

A

a generous benefactor

an anonymous donor , a gift from a donor

99
Q

money spent on smth

A

outlay
involve little financial outlay, outlay on/for smth, require an initial outlay of, total outlay on the health sector is budgeted at
expenditure
increase/reduce/keep down expenditure on smth, cut expenditure, annual expenditure on, expenditure of effort on

100
Q

working class

A

blue-collar workers/jobs

101
Q

self-employed

A

sole trader

run business as a sole trader

102
Q

a fixed sum of money paid to smn each year

A
annuity
receive a small annuity
pension
to receive generous/comfortable pension, offer a pension scheme/plan, a state/personal pension
draw a pension
103
Q

unemployment benefit

A

dole

draw the dole, on the dole, go on the dole