Vocab Test 2

Question 1

RED TAPE

Answer 1

excessive bureaucracy or adherence to rules and formalities

Question 2

BUREAUCRACY

Answer 2

a system of government . most important decisions made by state officials

Question 3

QUOTA

Answer 3

a fixed share of something that a person or group is entitled to receive or is bound to contribute

Question 4

SOVEREIGN(2ND)

Answer 4

a former gold coin worth one pound sterling

Question 5

UNIVERSAL

Answer 5

of, affecting, or done by all people or things in the world or in a particular group

Question 6

“GOING PUBLIC”

Answer 6

selling shares from private to public(new investors)

Question 7

FIRM

Answer 7

a business that sells goods and services for a profit

Question 8

INDUSTRY

Answer 8

group of companies that are related based on primary business activities

Question 9

AGGREGATE

Answer 9

a whole formed by combining several elements

Question 10

MARGINAL

Answer 10

relating to the margin of something

Question 11

Metric

Answer 11

system or standard of measurement

Question 12

Inverse

Answer 12

opposite or contrary in position direction, order of effect