VOCABULARY Flashcards
1
Q
A thing that has an effect on sth else
A
factor
2
Q
already occurring or present
A
existing
3
Q
a person or business that is trying to reach the same goals or customer
A
competition
4
Q
to guess a quantity
A
estimate
5
Q
to state what one expects to happen
A
predict
6
Q
a total quantity
A
volume
7
Q
rules controlling how much to charge for products
A
pricing policy
8
Q
a prediction of the number of sales a company will get by a certain point of time
A
sale forecast
9
Q
number of products or services sold before now
A
past sales
10
Q
legal agreement saying what each party is responsible for doing
A
contract
11
Q
makes sure things are made correctly
A
control
12
Q
doing sth in a way that does not waste time, money, or energy
A
efficiency
13
Q
____ are the ongoing activities that keep a business running, also known as business processes
A
operation
14
Q
series of actions planned to accomplish a goal
A
strategy
15
Q
the act of keeping sth in a certain place for later use
A
storage
16
Q
a system of inventory mana that orders only the necessary of supplies just when they are needed to minimize storage costs and losses
A
just-in-time approach
17
Q
to reduce the quantity of sth to as lilttle as possible
A
minimize
18
Q
process of making sure a company has the goods and materials when it needs them
A
inventory management
19
Q
a system of activities and organizations that moves raw materials and goods in and out of a company
A
supply chain
20
Q
the process by which a company ensures that its products or services meet its quality standards
A
quality control
21
Q
a unit within a company that operates as a business partially independent from the main company
A
strategy business unit
22
Q
the point at which revenue and expenses are equal, thus there is no profit or loss
A
break-even point
23
Q
Our _____ shows an increase of 45% next month
A
sales forecast
24
Q
to ___ is to guess what will happen in the future
A
predict
25
the managers _____ their employees to arrive on time
expect
26
A(n) _____ with Alta Inc. shows our strengths more clearly
comparison
27
Our current figures are much lower than those from _____
past sales
28
A(n) _____will not last the entire year.
seasonal trend
29
To ______ is to guess the amount or quantity of something.
estimate
30
A _______ is one of several things that influences something else and produces a result.
factor
31
______ is a situation in which individuals and companies try to do better than each other.
Competition
32
A ______ is a legal agreement saying what each party is responsible for doing.
contract
33
If product is _______, then that product is available or being used now.
existing
34
A ______ is a standard that a company uses to set wholesale and retail prices.
pricing policy
35
day to day functions =?
Operation
36
_____ are the ongoing activities that keep a business running, also known as business processes.
Operations
37
The owner has _____ over the business.
control
38
If you work faster, you might increase your ____
efficiency
39
Good plans have a clear _____.
strategy
40
Warehouses are used for ______
storage
41
a means of getting supplies right before they need them = ?
just-in-time approach
42
If you _____ your workload, you have less to do.
minimize
43
methods for tracking supplies = ?
Inventory management
44
Materials arrive via the _____
supply chain
45
The business function of maintaining excellence = ?
Quality control
46
It may take a few years before the unit reachs a ______
break-even point
47
the act of gaining control of a company or organization
takeover
48
process of taking control of a company = ?
takeover
49
takeover = ?
acquire = buyout
50
an attempt to earn or take sth
bid
51
Jones Productions made the most aggressive _____ to take control of the company.
bid
52
the process of gaining control of a compnay y buying available parts of the company
buyout
53
P & L Publishing was the ____ of several buyout attempts.
target
54
person that another person or company is trying to control
target
55
a situation in which the management of the targeted compan does not agree with the takeover by another company
hostile takeover
56
an offer to buy enough shares in a company for the buyer to take control of the company
tender offer
57
someone who saves a person or company from an unsiderable situation such as being controlled by another company
white knight
58
the process of selling parts of a company
divestment
59
Reynolds Inc. was a ______ after preventing another corporation from buying Paper Unlimited.
white knight
60
______ can help corporations avoid bankruptcy.
Divestment
61
an amout of money that a person or company is perpared to pay for sth
offer
62
The board rejected the Finn Corporation's ______ to buy the company.
offer
63
a situation in which the management of the targeted company agree with the takeover by another company
friendly takeover
64
The chairman board was pleased about the ______ of their company.
friendly takeover
65
a company that owns enough stock in a second company to control management of the second company
parent company
66
Kendall Inc. is a part of its __________, General Manufacturers.
parent company
67
to state sth publicly/ to officially announce to the public that a situation exist or that sth is true
declare
68
the closure of a business due to a lack of funds
failure
69
failure = ?
bankruptcy = shut down
70
a person, business or bank that an individual or company has borrowed money from and must pay it back
creditor
71
a condition where a business cannot pay debts
bankruptcy
72
New Page LLC declared _______ after months of decreasing profits.
bankruptcy
73
to stop all operations either permanently or temporarily
shut down
74
the person who is officially responsible for a business or company that is bankrupt.
receiver
75
Alex was the ______ appointed to manage the failing company.
receiver
76
when a company is directed by an official receiver because it has no funds
receivership
77
to change the organization of a business
restructure
78
the different between what is needed and what one has
decifit
79
to close a business and sell all of its things in order to payoff its debts
liquidate
80
the act of closing down a business by selling its things in order to pay its debts
liquidation
81
a person that offers to pay a specific sum of money for sth that is being sold
bidder
82
The highest ______ will purchase the company.
bidder
83
to officially demand that a person or business pay back the funds that were lent
call in debt
84
The creditors decided to _______ their debt.
called in
85
to keep sth safe from loss, harm, illness,....
protect
86
Having insurance can _____ you from financial losses.
protect
87
the length of an insurance policy
terms
88
the money that is paid to a person by the insurance company for their loss
compensation
89
insurance that provides finnancial protection to a person's family if he or she dies
life insurance
90
Payments for ______ do not go to the policy holder.
life insurance
91
insurance that provides financial protection to a home or business and the property within it
property insurance
92
insurance that provides financial protection to a person in case of sickness
health insurance
93
insurance that protects a vehicle in case it is stolen, damaged, or destroyed
auto insurance
94
to pay to repair or fix it in the event that it is damaged or destroyed
cover
95
The properly insurance does not _____ damage caused by floods.
cover
96
to provide finnancial protection against loss, harm, illness or such
insure
97
the annual amount that customers pay to maintain an insurance policy
premiums
98
IMF
International Monetary Fund
99
WTO
World Trade Organization
100
GNP
Gross National Product
101
NAFTA
North American Free Trade Agreement
102
to protect the interests of countries that procduce oil
OPEC
103
ASEAN
Association of South East Asian Nations
104
UN
United Nations
105
WHO
World Health Organization
106
EU
European Union
107
G20
Group of 20
108
to ensure free movement of capital throughout Europe
EU
109
to limit international trade barriers
WTO
110
to co-ordinate efforts for public health
WHO
111
to promote development in Southeast Asia
ASEAN
112
to maintain world peace
UN
113
a period of general decline in activity across the economy
recession
114
to fail or shrink rapidly
collapse
115
an economic disturbance caused by trading products at inflated prices
bubble
116
an indicator that changes after the entire economy shifts, giving information about past econoic standings
lagging indicator
117
an indicator that varies directly with the changing economy and gives information about the current economic standing
coincident indicator
118
the indcator that tells us about the changing activities in the economy before the entire economy shifts
leading indicators
119
the ability of workers to move between industries and locations to obtain better wages or better working conditions
labor mobility
120
the state of not having a job
unemployment
121
the measure of average change over time or between countries takes place
Consumer Price Index (CPI)
122
where buying and selling goods within a country or between countries takes place
trade
123
commodity or product sent out to another country
exports
124
commodity or product brought in from another country
imports
125
the number of housing units that construction has begun on in a given time period
housing starts
126
a prolonged recession that may last years and has a significant or negative impact on the economic state
depression
127
a sudden, rapid growth, development or progression
boom
128
a loan used for small purchase such as a computer or vacation
personal loan
129
We can lend you an __________ to purchase anything you want with just your signature.
amount of money
130
to make request for a loan
apply for a loan
131
Customers may ______ for a loan by contacting a member services officer.
make a request
132
money that one person borrows from another person or institution
loan
133
The local bank offered him an __________ at a very reasonable rate.
amount of money to borrow
134
Jack paid a fee for ___________ of his loan off before it was due.
paying the remaining balance
135
money a borrowers pays if he or she pays off the loan before its term ends
early payoff penalty
136
We will need to get an ________________
amount of money to use toward the purchase of a new vehicle.
137
loans used to purchase a vehicle
auto loan
138
money a potential borrower pays to apply for a loan
application fee
139
person or business giving a loan
lender
140
The bank charged Wendy a sum of money for ________ from them.
requesting to borrow money
141
person or business receiving a loan
borrower
142
Reduce the ______ by paying extra each month.
principal
143
the amount that a borrower must payback separate from interest on that loan
principal
144
money a borrower pays at the time the loan is given to them
closing cost
145
You pay _________ when you sign a loan.
closing cost
146
the time in which loan must be pay back
term of a loan
147
The loan has a _____ of 24 months.
term
148
the act of providing funds to another person or institution for the purpose of their meeting a goal
financing
149
Many businesses need ________ to start up.
financing
150
151
the gain on a CD as a propotion
rate of return
152
The ______ is the amount gained or lost in an investment after a period of time expressed as a percentage.
rate of return
153
to purchase the same CD again after it reaches maturity date
renew
154
to reach the end of a term
mature
155
To _______ is when a CD has reached the end of its investment period, meaning that its holder can cash it receiving the initial deposit plus interest.
mature
156
to take the gain from an investment and invest it back into that investment
reinvest
157
the amount gained or lost in an investment after a period of time
return
158
the amount of money invested in a CD upon which interest is paid
initial deposit
159
The return on a(n) ______ investment is uncertain.
variable rate
160
If a CD has a _______, its rate of return can change between the time of the initial ivestment and when interest is paid.
variable rate
161
the removal of money out of a CD before the CD matures
early withdrawal
162
Avoid _____ if you don’t want to be penalized.
early withdrawal
163
______ are a very safe investment.
Insured CDs
164
If a CD is _____, it has the backing of the government or other entity guaranteeing the holder against the loss of their investment.
insured
165
a strategy for holding several CDs of different maturity dates
ladder
166
With a(n) ____, the CDs mature at different times.
ladder
167
Conservative investors want to ____ risk.
mitigate
168
a bank document promising its holder an interest pmt on money invested after a specified period of time
Certificate of Deposit (CD)
169
a choice to use money to earn profit
investment
170
a calculation show the percentage of profit or loss on an investment over one year
average annual return
171
financial instrument that can be trade on the market
securities
172
__________ are two types of financial products that can be used to make money.
Stocks and bonds
173
a business where stock brokers work
brokerage
174
product that invests in many companies = ?
mutual fund
175
use money to generate additional money = ?
invest
176
use your money to make more money by purchasing an investment such as a CD, mutual fund, stock, or bond
invest
177
If a mutual fund is _____, it has many different types of investment.
diverse
178
a type of mutual fund that invests primarily in stocks
equity fund
179
a type of mutual fund that invests in short-term debt securities
money market fund
180
the expenses that mutual funds investors pay to financial professionals for managing a mutual fund
management fees
181
Mutual funds typically charge _______ annually.
management fees
182
The broker earned a large ______ for the sale.
commission
183
money paid to a financial professional for selling a financial product
commission
184
larger than the average amount
sizeable
185
assets that has monetary value greater than 2 millions dollar
high net worth assets
186
money or anything of monetary value that can be used to gain a profit
investable assets
187
the overall coordination of financial services including financial planning and investment for high net worth individuals
wealth manangement
188
For large assets like yours, I recommend a(n) _______ program.
weath management
189
an investment in property, including land and buildings
real estate
190
Sam's _____ investments include several apartment buildings.
real estate
191
financial services to minimize tax pmt
tax planning
192
method of pmt for banking services based on a yearly percentage of the amount invested
flat-fee
193
a portion of funds invested in a given year that is decide upon as pmt for banking services
yearly-percentage
194
195
personalized financial service provided by a bank to individuals with a large amount of money
private banking
196
non-traditional = ?
alternative
197
a type of private investment only available to wealthy investors, which uses certain investment stategies to limit risks and/ or improve returns
hedge fund
198
This _________ uses expert investing strategies.
hedge fund
199
savings and loans association
thrift
200
A _______ is a financial institution that receives savings deposits and grants mortgages and other loans.
savings and loan association
201
the members have the power to direct the institution's financial goals
mutually held
202
The S&L is _____ by its members.
mutually held
203
the ability to vote on corporate policy decisions and board membership
voting rights
204
a member-owned financial instituation that provides financial services including mortgage lending8
building society
205
a goverment supported financial institution designed as a safe location for the investment of funds in mortgages, loans, stocks, and bonds
mutual saving banks
206
This _______ gives seventy mortgage loans a year.
home financing institutions
207
a lending company that specializes in making mortgage loans for the purchase of single family homes
home financing institutions
208
We took out a ________ to buy our house.
mortgage loan
209
an amount of money lent to someone for the purchase of a home, the home and property beig security on the loan
mortgage loan
210
If an action is ____ it does not involve high risk. Its outcomes are predictable.
conservative
211
If an action is ______, it involves high risk and unpredictability
risky
212
John values ____ in his investments.
security
213
a representation of financial value such as stock or bond
security
214
banking in accordance to Islamic law
Islamic banking
215
the bank forbids the acceptance or paying of interest, and focuses on profit sharing and loss as one of its guiding principles
Islamic bank
216
the worship of Allah and his prophet Mohammed
Islam
217
the economic practice where employees of a company receive a portion of the company's profit
Profit sharing
218
practice of distributing gains to all members an agreement
Profit sharing
219
to take it upon oneself, or take responsility for it
bear
220
what occurs when returns on an onvestment are in the negative, or a business's total costs are greater than its profits
loss
221
The company took a negative profit on the costly product.
negative profit = ?
loss
222
to forbid it, or deem it not allowed
prohibit
223
the acceptance of a fee for lending money
usury
224
The charging of interest on loans is forbidden in Islamic banking.
The charging of interest on loans = ?
usury
225
The house served as ______ on the loan.
collateral
226
property pledged as security on the pmt of a loan
collateral
227
The two companies came together in a temporary business effort.
temporary business effort = ?
joint venture
228
business relationship in which companies or individuals come together for a specified amount of time, contributing equity to create assets and a business entity over which participating parties share control.
joint venture
229
allowed by the rule or law or social norms
accpetable
230
paying for use of assets over a period of time
leasing
231
a process by which one party is allowed use of another's assets in exchange for regular pmt of a decided amount
leasing
232
an agreement to pay expenses and more
cost plus
233
a business agreement in which the contractor is paid the agreed total of expenses as well as an additional profit pmt
cost plus contract
234
to leave out
exclude
235
To _____ something is to deliberately leave it out, as in excluding usury from Islamic banking practices.
exclude
236
_________ is Islamic law, which determines the legality of all aspects of Islamic life.
Shariah
