VOC U7 Definitions - DEF - EN Flashcards
a careful examination of a situation or activity to see what the risks may be and what you can do to prevent them
risk analysis n. [C] (plural analyses) (The factory, which treats hazardous waste, had a risk analysis carried out last year in response to public concern.)
a collection of shares and other investments owned by a particular person or company
portfolio n. [C] (plural portfolios) (European stocks make up 50% of his investment portfolio.)
a person or company that runs a particular business
operator n. [C] (They are the leading tour operator in the UK.)
a person or organisation whose job is to buy and sell stocks, shares, bonds, etc. for people
stockbroker n. [C] (The securities can be sold any business day by placing an order with a stockbroker.)
a process in which you examine what a person or business needs from a product, activity, etc.
needs analysis n. [C] (The company did a needs analysis to determine what areas employees needed more training in).
a risk that cannot be avoided
hazard n. [C] (One of the most widespread natural hazards is flooding.)
a X situation is likely to change suddenly and without warning
volatile adj. (Bonds started the year in a highly volatile trading environment.)
able to accept the possibility that something bad, unpleasant or dangerous may happen
risk-tolerant adj. (Many financial advisers say that even if you’re risk-tolerant, you shouldn’t put more than 10% of your wealth into a single asset.)
an action, especially an official one, that is intended to deal with a particular problem
measure n. [C] (New safety measures were being demanded after last night’s horrific train crash.)
an examination of the possible risks involved in doing something, so you can decide whether something is worth doing, and can plan to reduce the risks
risk assessment n. [C,U] (Any organisation employing more than four people must carry out a health and safety risk assessment.)
easily upset or worried about the possibility that something bad, unpleasant or dangerous may happen
risk-sensitive adj. (During a recession, many lenders are more risk-sensitive than they are in a good economic climate.)
extremely bad
catastrophic adj. (The failure of the talks could have catastrophic consequences.)
how likely something is, sometimes calculated in a mathematical way
probability n. [C,U] (plural probabilities) (The probability of the product’s sales increasing in Japan is really very low.)
if a problem or difficult situation x, it begins to happen
arise v. [I] (arose, arisen) (More problems like those at the nuclear power plant are certain to arise.)
if something is x, you have noticed it and are giving it some attention
on the/someone’s radar (The company has been on the radar of environmental activists for several years.)
intended to stop something you do not want to happen, such as illness, from happening;
preventive adj. (There have been many improvements in car safety and other preventive measures.)
plans, ideas, etc. that are helpful in a way that prepares you for the future
forward thinking (With a bit of forward thinking, we make sure your budget goes as far as possible.)
someone whose job is to examine a business or activity to see what the risks may be and what can be done to prevent them
risk analyst n. [C] (Risk analysts prepared a summary of the possible risks, both financial and physical.)
something that may be dangerous or unpleasant, that you do after thinking carefully about what might happen
a calculated risk (Investing is about taking calculated risks.)
the amount by which two or more things are different or by which they change
variance n. [C,U] (Variance measures how different a price or number is from the average, and thus helps to determine risk.)
the effect or influence that an event, situation, etc. has on someone or something
impact n. [C] (We need to assess the impact on the environment.)
the fact or state of being likely to change suddenly and without warning
volatility n. [U] (There has been a lot of volatility in the stock market in the last few weeks.)
the practice of deliberately making people worried or nervous, especially in order to get a political or other advantage
scaremongering n. [U] (We hear scaremongering that a minimum wage will destroy jobs.)
to become involved or interested in someone or something, and do things because of this
engage with someone/something phr. v. (The students were engaged with the novel and debated the actions of the characters.)
to do something that may be dangerous or unpleasant
run a/the risk (The country needs this trade agreement, or it runs the risk of hurting the economy).
to exist in a way that may cause a problem, danger, difficulty, etc.
pose v. [T] (Officials claim the chemical poses no real threat.)
to find out facts that will prove that something is true
establish v. [T] 5It was quickly established that several members of the crew had been negligent.)
to have an angry argument or disagreement and stop being friendly to someone
fall out phr. v. (She fell out with some of her colleagues.)
to have something bad happen to you, or to experience something bad
suffer v. [I,T] (Only some of the buildings had suffered damage in the hurricane.)
to make a judgement about a situation after thinking carefully about it
assess v. [T] (It is difficult to assess all the complex processes driving climate change.)
to recognise or discover something and understand what it is like
identify v. [T] (identified, identifying, identifies) (They identified a number of problem areas.)
to reduce something that is difficult, dangerous or unpleasant to the smallest possible amount or degree
minimise (also minimize) v. [T] (Investing in unit trusts minimises the risks if stock markets fall.)
to think or know that something is going to happen in the future
foresee v. [T] (Few analysts foresaw that oil prices would rise so steeply.)
work or research that involves making new discoveries, using new methods, etc.
groundbreaking adj. (Her groundbreaking legal work changed the way sexual harassment was viewed.)
