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in company Upper intermediate

Unit 7

headword

pronunciation

translation/notes

example sentence

 

 

 

 

accounting (n)

\´"kaUntIN\

 

accounting consultancy (n)

\´"kaUntIN

Accounting consultancy Arthur Andersen, the company employed by Enron, was

 

k´nÆsølt´nsI\

fined $500 million.

accounting system (n)

\´"kaUntIN ÆsIst´m\

Enron’s accounting system had always been complex and obscure but no one

 

 

suspected the company of dishonest practices.

creative accounting (n)

\kri…ÆeItIv ´"kaUntIN\

Creative accounting’ is another way of saying that a firm has been ‘cooking the

 

 

books’.

boom (n)

\bu…m\

(opposite = slump,

 

collapse)

 

Internet/property/

\ÆInt´net\ÆprÅp´tI\ÆOIl

oil boom (n)

"bu…m\

cash flow situation (n)

\"kœS fl´U

 

sItSu…ÆeIS´n\

company report (n)

\Ækømp´nI rI"pO…t\

cook the books

\ÆkUk D´ "bUks\

corporation (n)

\ÆkO…p´"reIS´n\

debatable (adj)

\dI"beIt´b´l\

It’s debatable whether …

\ItIz dI"beIt´b´l

 

ÆweD´\

end-of-year accounts (n pl)

\Æend´vjI´ ´"kaUnts\

This file has been downloaded from www.businessenglishonline.net

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

The Internet boom didn’t last and on April 14th 2001 more than one trillion dollars in market capitalisation was lost.

Creative accounting transformed the company’s cash flow situation from a $154 million outflow to a $3 billion inflow.

The latest company report shows a 16% increase in profits over the last 12 months.

Stock market investors were unaware that the company had been ‘cooking the books’, inventing partner companies that did not exist to hide huge debts.

Before its collapse Enron was the USA’s seventh-largest corporation.

It’s debatable whether global warming is caused by heavy industry.

End-of-year accounts show an unexpected drop in profits.

1

in company Upper intermediate

Unit 7

headword

pronunciation

translation/notes

example sentence

 

 

 

 

failure (n)

\"feIlj´\

(opposite = success)

 

end in failure

\Æend In "feIlj´\

free market economics (n pl)

\Æfri… ÆmA…k´t

 

Æek´"nÅmIks\

growth (n)

\gr´UT\

(opposite = decline)

 

steady growth (n)

\ÆstedI "gr´UT\

According to a recent study by KPMG, 83% of company mergers end in failure.

Do you agree that free market economics bring prosperity to developing countries?

Wall Street trusted the company’s steady growth without asking many questions about how it was achieved.

guru (n)

\"gUru…\

 

management guru (n)

\ÆmœnIdZm´nt "gUru…\

All the management gurus pointed to Enron as the model modern company.

information (n)

\ÆInf´"meIS´n\

 

source of information

\ÆsO…s ´v ÆInf´"meIS´n\

Is the Internet always a reliable source of information?

market research (n)

\ÆmA…k´t "ri…s‰…tS\

Market research is a useful way of finding out more about client preferences but

 

 

it’s not always 100% reliable.

net (adj)

\net\

 

(opposite = gross)

 

 

net income/profit etc

\Ænet "INkøm\"prÅfIt\

In 2000 Enron reported a net income of $979 million.

opinion poll (n)

\´"pInI´n Æp´Ul\

According to the latest opinion polls, the government is more popular than ever

 

 

before.

panic selling (n)

\ÆpœnIk "selIN\

One trillion dollars of market capitalisation was lost in six and a half hours of

 

 

panic selling.

partner company (n)

\"pA…tn´ Ækømp´nI\

Accountants at Enron invented partner companies that did not exist in order to

 

 

hide huge debts.

press release (n)

\"pres rIÆli…s\

put out a press release

\pUt ÆaUt ´ Æpres

 

rI"li…s\

This file has been downloaded from www.businessenglishonline.net

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

People working in public relations often put out press releases that are little more than sales promotion.

2

in company Upper intermediate

Unit 7

headword

pronunciation

translation/notes

example sentence

 

 

 

 

public relations (n)

\ÆpøblIk rI"leIS´nz\

 

People in public relations have a vested interest in promoting the company or

 

 

 

organization they work for.

scandal (n)

\"skœndl\

 

 

financial scandal (n)

\f´ÆnœnS´l "skœndl\

 

The company was damaged by a financial scandal in 2001.

scandalous (adj)

\"skœnd´l´s\

 

 

It’s scandalous that …

\Its "skœnd´l´s D´t\

 

It’s scandalous that the richest 30% of the planet gets 90% of its income.

speculator (n)

\"spekj´leIt´\

 

Speculators loved Enron, especially when its share price reached a phenomenal $90.

spin doctor (n)

\"spIn ÆdÅkt´\

 

A spin doctor gives journalists information that makes people or organizations

 

 

 

seem as good as possible.

staggering (adj)

\"stœg´rIN\

 

 

a staggering £1 million/

\´ Æstœg´rIN ÆwÅn

 

Arthur Andersen, the accounting consultancy employed by Enron, was fined a

$3 billion etc

mIlj´n "paUndz\ÆTri…

 

staggering $500 million.

 

bIlj´n "dÅl´z\

 

 

suppress (v)

\s´"pres\

 

 

suppress debts

\s´Æpres "dets\

 

Enron suppressed their debts by inventing partner companies that did not actually

 

 

 

exist.

tax (n)

\tœks\

 

 

tax loss (n)

\"tœks ÆlÅs\

 

Some tax losses were claimed twice in order to increase tax savings.

tax savings (n pl)

\"tœks ÆseIvINz\

 

By using ‘creative accounting’ Enron managed to make $2 billion in tax savings.

up-to-date (adj)

\Æøpt´"deIt\

 

Nowadays the Internet allows us easy access to the most up-to-date information.

venture (n)

\"ventS´\

 

In addition to traditional businesses, Enron was also involved in several obscure

 

 

 

e-commerce ventures.

This file has been downloaded from www.businessenglishonline.net

3

 

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

in company Upper intermediate

Unit 7

headword

pronunciation

translation/notes

example sentence

 

 

 

 

vested interest (n)

\Ævest´d "Intr´st\

 

have a vested interest

\hœv ´ Ævest´d

In business, many specialists have a vested interest in presenting companies in a

in (doing)

"Intr´st InÆ “du…IN‘\

favourable light.

wipe out (phr v)

\ÆwaIp "aUt\

Company profits have been wiped out by the recent slump in the economy.

This file has been downloaded from www.businessenglishonline.net

4

 

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

in company Upper intermediate

Unit 8

headword

pronunciation

translation/notes

example sentence

 

 

 

 

authorisation (n)

\ÆO…T´raI"zeIS´n\

 

We’re hoping that the Board of Directors will give us the authorisation we need to

 

 

 

move on to the next stage.

bestselling (adj)

\Æbest"selIN\

 

 

bestselling product/service

\bestÆselIN

 

We really do believe that the Micro-GYM could be a bestselling product.

 

"prÅdøkt\"s‰…v´s\

 

 

brand (n)

\brœnd\

 

 

stretch a brand

\ÆstretS ´ "brœnd\

 

Adding cosmetics to our range is an ideal opportunity to stretch our brand.

break down (phr v)

\ÆbreIk "daUn\

 

I’m always worried that the equipment will break down when I’m giving a

 

 

 

presentation.

breakdown (n)

\"breikdaUn\

 

 

breakdown of

\ÆbreIkdaUn ´v

 

A complete breakdown of costs is included in the report.

costs/figures etc

"kÅsts\"fIg´z\

 

 

business (n)

\"bIzn´s\

 

 

business idea (n)

\"bIzn´s aIÆdI´\

 

Try to come up with an innovative business idea that could be developed by your

 

 

 

company.

line of business (n)

\ÆlaIn ´v "bIzn´s\

 

Is it important in your line of business to be able to present your ideas

 

 

 

professionally?

cater for (phr v)

\"keIt´ ÆfO…\

 

 

cater for a demand/need

\ÆkeIt´ fO… ´

 

It’s important that the product you suggest meets a need that is not catered for at

 

dI"mA…nd\"ni…d\

 

present.

challenge (n)

\"tSœl´ndZ\

 

 

set a challenge

\Æset ´ "tSœl´ndZ\

 

One way of making your presentation more interesting is by setting your audience

 

 

 

a challenge.

collaborate (v)

\k´"lœb´reIt\

 

The two firms have collaborated to produce an exciting new range of sportswear.

come across (phr v)

\Ækøm ´"krÅs\

 

The way in which you come across as a person is almost more important than the

 

 

 

content of your presentation.

This file has been downloaded from www.businessenglishonline.net

1

 

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

in company Upper intermediate

Unit 8

headword

pronunciation

translation/notes

example sentence

 

 

 

 

come up with (phr v)

\køm "øp wID\

 

Try to come up with an innovative idea for a product or service.

complement (v)

\"kÅmpl´ment\

 

The new product or service should complement the products or services currently

 

 

 

on offer.

corporate vision (n)

\ÆkO…p´r´t "vIZ´n\

 

 

share corporate vision

\ÆSe´ ÆkO…p´r´t "vIZ´n\

 

‘We think you’re going to be as excited about this product as we are’ is a way of

 

 

 

sharing corporate vision with your audience.

cost (v)

\kÅst\

 

 

be fully costed

\bI ÆfUlI "kÅst´d\

 

The Micro-GYM has been fully costed – a breakdown is included in the report.

departure (n)

\dI"pA…tS´\

 

 

be a (completely) new

\bi… ´ Æ“k´mpli…tlI‘

 

Selling mobile phones in-store is a completely new departure for us.

departure for …

Ænju… dI"pA…tS´ fO…\

 

 

develop (v)

\dI"vel´p\

 

 

develop a design/

\dIÆvel´p ´

 

How long did it take to develop the prototype?

prototype

dI"zaIn\"pr´Ut´taIp\

 

 

dry up (phr v)

\ÆdraI "øp\

 

I’m always frightened I won’t know what to say next and that I might dry up

 

 

 

completely.

expectation (n)

\Æekspek"teIS´n\

 

 

build up expectations

\ÆbIld øp

 

Building up an audience’s expectations of a product is the best way of keeping

 

Æekspek"teIS´nz\

 

their interest.

finding (n)

\"faIndIN\

 

 

main findings (n pl)

\ÆmeIn "faIndINz\

 

The chart below highlights our main findings.

focus group (n)

\"f´Uk´s Ægru…p\

 

 

set up a focus group

\Æset øp ´ "f´Uk´s

 

They set up several focus groups to find out what consumers wanted.

 

Ægru…p\

 

 

global economy (n)

\gl´Ub´l I"kÅn´mI\

 

Do you think national stereotypes still hold true in an increasingly global

 

 

 

economy?

This file has been downloaded from www.businessenglishonline.net

2

 

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

in company Upper intermediate

Unit 8

headword

pronunciation

translation/notes

example sentence

 

 

 

 

go-ahead (n)

\"g´U´Æhed\

 

give sb the go-ahead

\ÆgIv sømb´dI D´

We need the Board of Directors to give us the go-ahead before we move on to

 

"g´v´Æhed\

the next stage.

go blank

\Æg´U "blœNk\

 

sb’s mind goes blank

\sømb´dIz ÆmaInd

My mind just went blank and I had no idea what to say next.

 

g´Uz "blœNk\

 

go down (phr v)

\Æg´U "daUn\

 

go down well

\Æg´U daUn "wel\

Jokes go down well in some countries but not in others.

go dry

\Æg´U "draI\

 

sb’s mouth goes dry

\sømb´dIz "maUT

When you’re nervous your mouth tends to go dry.

 

g´Uz ÆdraI\

 

go for (phr v)

\"g´U ÆfO…\

American audiences tend to go for jokes and clever remarks.

go funny

\Æg´U "fønI\

My microphone went funny and I sounded like Darth Vadar out of Star Wars!

go quiet

\Æg´U "kwaI´t\

I hate that moment just before you start speaking when the audience goes quiet.

go wrong

\Æg´U "rÅN\

The technology went wrong and ruined the whole presentation.

hands-on (adj)

\"hœndzÅn\

‘Intrapreneurs’ are hands-on managers who make things happen.

highlight (v)

\"haIlaIt\

Our findings are highlighted in the chart below.

incur (v)

\In"k‰…\

 

incur costs

\InÆk‰… "kÅsts\

Selling the product online would incur extra costs initially.

innovation (n)

\ÆIn´"veIS´n\

Innovation is essential to any good business.

itemise (v)

\"aIt´maIz\

Costs of manufacturing, packaging and advertising are all itemised.

This file has been downloaded from www.businessenglishonline.net

3

 

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

in company Upper intermediate

Unit 8

headword

pronunciation

translation/notes

major player (n)

\ÆmeIdZ´ "pleI´\

 

marketing opportunity (n)

\"mA…k´tIN Åp´Ætju…n´tI\

 

presentation (n)

\Æprez´n"teIS´n\

 

presentation style (n)

\prez´n"teIS´n ÆstaIl\

 

price (v)

\praIs\

 

be priced at $100/

\bI praIst ´t\

 

€650/£2,500 etc

 

 

product (n)

\"prÅdøkt\

 

product effort/

\"prÅdøkt

 

features/testing (n)

Æef´t\Æfi…tS´z\ÆtestIN\

 

project budget (n)

\"prÅdZekt ÆbødZ´t\

 

prototype (n)

\"pr´Ut´taIp\

 

provider (n)

\pr´"vaId´\

 

a leading provider of …

\´ Æli…dIN pr´"vaId´ ´v\

 

quote (v)

\kw´Ut\

 

quote figures/statistics

\Ækw´Ut

 

 

"fIg´z\st´"tIstIks\

 

run out of (phr v)

\røn "aUt ´v\

 

run out of time/

\røn ÆaUt ´v

 

money etc

"taIm\"mønI\

 

run over (phr v)

\røn "´Uv´\

 

run over schedule

\røn Æ´Uv´ "skedju…l\

 

This file has been downloaded from www.businessenglishonline.net

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

example sentence

Microsoft is a major player in the computer software industry.

122 million overweight people in the USA is a disgraceful statistic but it represents a wonderful marketing opportunity for us!

Different countries are characterised by their different presentation styles.

The Micro-GYM would probably be priced at around $35.

Product testing is still being carried out.

40% of our project budget went into constructing the prototype.

A prototype is a model of something, made before it is produced in large quantities.

As one of the world’s leading providers of fitness training equipment, we pride ourselves on quality and reliability.

You need to quote some statistics to make your presentation interesting but don’t overdo it.

If you have too much material to present, you may find yourself running out of time.

Audiences hate it when speakers run over schedule.

4

in company Upper intermediate

Unit 8

headword

pronunciation

translation/notes

example sentence

 

 

 

 

selling point (n)

\"selIN ÆpOInt\

 

During the development phase of a product it’s important to think about its main

 

 

 

selling points.

sideline (n)

\"saIdlaIn\

 

 

a sideline to …

\´ "saIdlaIn Ætu…\

 

The new range of products have been an enormously successful sideline to our

 

 

 

main business.

structure (v)

\"strøktS´\

 

 

structure a talk/

\ÆstrøktS´ ´

 

Writing the main points of your presentation on cards will help you to structure

presentation

"tO…k\Æprez´n"teIS´n\

 

your talk.

switch off (phr v)

\ÆswItS "Åf\

 

Your audience may switch off altogether if you don’t make them laugh within the

 

 

 

first five minutes.

techno (adj)

\"tekn´U\

 

Be too techno and your audience may think you’re showing off.

untapped (adj)

\Æøn"tœpt\

 

 

an untapped market

\´n Æøntœpt "mA…k´t\

 

There’s obviously a largely untapped market for this type of workout system.

wrap up (phr v)

\Ærœp "øp\

 

 

to wrap things up …

\t´ Ærœp TINz "øp\

 

OK, to wrap things up, I’d just like to add that the Micro-GYM has been fully

 

 

 

costed and a breakdown is included in the report.

This file has been downloaded from www.businessenglishonline.net

5

 

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

in company Upper intermediate

Unit 9

headword

pronunciation

translation/notes

background (n)

\"bœkgraUnd\

hover in the background

\ÆhÅv´ In D´

 

"bœkgraUnd\

break the ice

\ÆbreIk DI "aIs\

business (n)

\"bIzn´s\

business community (n)

\"bIzn´s k´Æmju…n´tI\

conduct business

\k´nÆdøkt "bIzn´s\

come through (to) (phr v)

\køm "Tru… “t´‘\

firm (adj)

\f‰…m\

(opposite = limp)

 

firm handshake

\Æf‰…m "hœndSeIk\

first impression (n)

\Æf‰…st Im"preS´n\

create/make a good/

\kri…ÆeIt ´ ÆgUd\ÆpO…

poor etc first impression

Æf‰…st Im"preS´n\

job market (n)

\"dZÅb ÆmA…k´t\

look sb in the eye

\ÆlUk sømb´dI ÆIn Di…

 

"aI\

mingle (v)

\"mINg´l\

networker (n)

\"netw‰…k´\

effective networker

\IÆfektIv "netw‰…k´\

This file has been downloaded from www.businessenglishonline.net

It is photocopiable, but all copies must be complete pages. © Macmillan Publishers Limited 2004.

example sentence

Hovering in the background waiting to be introduced is not an effective way of networking.

Cracking jokes is one way of breaking the ice when you meet new people.

Golf is becoming increasingly popular within the business community.

Most executives seem as comfortable conducting business on the golf course as in the office.

Come through to my office, please.

A firm handshake shows that you are confident and in control.

Creating a positive first impression is very important at a job interview.

In a competitive job market it’s essential to make a good first impression.

When you meet people for the first time, you should look them in the eye and say hello.

Mingling’ is a word meaning talking to and socialising with people.

You need to be confident and outgoing to be an effective networker.

1

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