Choose the synonym, according to the chapter
Avenue (The team explored various avenues for funding their project, including grants, sponsorships, and crowdfunding)
a. Thoroughfare
b. Freeway
c. Boulevard
d. Street
e. Method
Method
*Grant=subsidio; sponsorships=patrocinio; crowdfunding=financiamiento colectivo
Someone who is not your customer now, but could be a customer in the future.
a. Expected
b. Audience
c. Buyer
d. Prospective
e. Client
Prospective
market research / niche
Ex: The company's niche market research revealed a strong demand for sustainable and eco-friendly pet products
A brand are not the name and the ‘identities’ of the product.
A brand is the name and the ‘identity’ of the product.
Many large retailers have both online and brick-and-mortar _____
You should shop at the _____. The clothes are cheaper there
Many large retailers have both online and brick-and-mortar outlets
You should shop at the outlets. The clothes are cheaper there
Financial report (The four main types of financial reports are: the balance sheet, the income statement, the cash flow statement, and the statement of shareholders' equity (or statement of changes in equity))
a. Financial statement
b. Account
c. Budget
d. Ledger
e. Asset
Financial statement
Money that someone gives to help with a specific project.
a. Subvention
b. Grant
c. Subsidy
d. Funds
e. Ban
Grant
depreciation
Ex: A car's depreciation can significantly impact its resale value over time.
In a balance sheet, a company's assets (what it owns) must rarely equal the sum of the customer’s liabilities (what it owes) and equity (the owners' stake).
In a balance sheet, a company's assets (what it owns) must always equal the sum of its liabilities (what it owes) and equity (the owners' stake)*.
*Accounting equation
The finance department meticulously recorded all _____ _____ on the new product launch
Analyzing the _____ _____ on research and development helps determine the return on investment for new technologies
The finance department meticulously recorded all expenditure incurred on the new product launch
Analyzing the expenditure incurred on research and development helps determine the return on investment for new technologies
Capitalize on (If you capitalize on something, you use the situation to your own advantage.)
a. Misuse
b. Wring out
c. Forfeit
d. Make the most of
e. Underexploit
Make the most of
A speech or presentation designed to persuade someone to buy something.
a. Conversation
b. Lecture
c. Discourse
d. Talk
e. Pitch
Pitch
deal with
Ex: You answer the phones and I'll deal with the customers.
Instead of simply selling a product or service, a consultative approach involve actively listen, ask insightful questions, and tailoring advicing to an specific situations.
Instead of simply selling a product or service, a consultative approach involves actively listening, asking insightful questions, and tailoring advice to the specific situation.
A salesperson might _____ a client with a new offer
Edwin is very nervous when he _____ girls
A salesperson might approach a client with a new offer
Edwin is very nervous when he approaches girls
Certification (To work with us, you'll need to have your project management certification.)
a. Rejection
b. Formal qualification
c. Disavowal
d. Decertification
e. Invalidity
Formal qualification
The licenses, permits, etc. necessary to carry out a business
a. Voluntary guideline
b. Optional obligation
c. Statutory requirements
d. Illegal exigency
e. Non-compulsory need
Statutory requirements
Guidelines / Specifications
Ex: Guidelines provide general direction and principles, while specifications offer detailed, measurable requirements.
Guidelines are flexible and allow for interpretation, whereas specifications are rigid and define exactly what is required.
Policy are internal guidelines established by a US company to manage various aspects of any business, while statutes are laws enacted only by the colombian government that businesses must adhere to.
Policies are internal guidelines established by a company to manage various aspects of its business, while statutes are laws enacted by governments that businesses must adhere to.
The company is seeking _____ 9001 certification for its quality management system.
The _____ date format specifies the year, month, and day in a consistent way (YYYY-MM-DD).
The company is seeking ISO 9001 certification for its quality management system.
The ISO date format specifies the year, month, and day in a consistent way (YYYY-MM-DD).
Quality management (We use data analysis from our quality management system to identify areas where we can improve efficiency and reduce waste in our operations.)
a. Quality improvement
b. Quality review
c. Quality monitoring
d. Quality assurance
e. Quality control
All previously listed options are correct
A method of investigating successful techniques in an industry and comparing them to one's own business.
a. Benchmarking
b. Triviality
c. Test
d. Worthlessness
e. Examination
Benchmarking
best practice
Ex: The chain of shops decided to implement customer service training as a priority to ensure best practice after receiving numerous complaints.
By implementing Six Sigma methodologys, the company aimed to increase defects in its manufacturing process and deteriorate overall product quality.
By implementing Six Sigma methodologies, the company aimed to reduce defects in its manufacturing process and improve overall product quality.
By addressing the concerns of their _____, the business was able to improve their service and turn some of them into loyal customers
Don't listen to the _____ and pursue your dream
By addressing the concerns of their detractors, the business was able to improve their service and turn some of them into loyal customers
Don't listen to the detractors and pursue your dream