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Cambridge English: CAE (C1 Advanced) - Financial Management & Economic Health

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Cambridge English: CAE (C1 Advanced)

a second university degree in business management

Ex: The MBA curriculum includes courses in management, finance, accounting, and strategic planning.
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associate
[noun]

a member of an organization with limited membership

Ex: Associates contribute to the organization through their expertise and participation in projects and initiatives .
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audit
[noun]

a formal inspection of a business's financial records to see if they are correct and accurate or not

Ex: The IRS conducted a tax audit to verify the accuracy of the individual 's tax returns .
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deficit
[noun]

the difference between the needed amount that is higher than the available amount, especially money

Ex: The deficit in qualified personnel posed a challenge for the healthcare system .
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the process of using money to pay for goods, services, or obligations

Ex: Expenditure on research and development is essential for innovation and growth in the technology sector .
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invoice
[noun]

a list of goods or services received and their total cost

Ex: He reviewed the invoice for discrepancies before approving it for payment .
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margin
[noun]

(business) the difference between the amount of money spent to buy or produce something and the amount of money gained from its sale

Ex: They adjusted their pricing strategy to improve their profit margin without compromising quality.
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turnover
[noun]

the overall amount of profit made by a business or company over a specific period of time

Ex: They attributed the decline in turnover to changes in consumer behavior and increased competition .
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yield
[noun]

an amount of profit gained from an investment or business

Ex: The stock portfolio showed a steady yield, generating consistent profits for the shareholders .
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affluent
[Adjective]

possessing a great amount of riches and material goods

Ex: The affluent couple donated generously to local charities and cultural institutions .
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to save someone or something from a difficult financial situation

Ex: The bank helped bail the family out during the mortgage crisis.
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bankrupt
[Adjective]

(of organizations or people) legally declared as unable to pay their debts to creditors

Ex: The bankrupt individual sought financial counseling to manage their debts .
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(of a business) to reach a point that yields no success due to the profit being almost as equal as the costs

Ex: The business plan was designed to break even within six months.
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to deduct
[Verb]

to subtract or take away an amount or part from a total

Ex: The store will deduct the returned item 's value from the customer 's refund .
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funds
[noun]

assets held in the form of money, available for spending or investment

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gross
[noun]

the total amount of income before any deductions, taxes, or expenses are subtracted

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interest
[noun]

the fee paid for borrowing money, calculated as a percentage of the loan amount over time

Ex: "Always compare interest rates before taking a loan," the advisor warned.
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to lose money in a business or financial situation

Ex: After the event, the charity made a loss instead of raising funds.
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to make enough money to pay for one's basic needs

Ex: He has two jobs just to make ends meet each month.
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to withdraw more money from a bank account than is available

Ex: He was worried that he might overdraw his account after making a large purchase .
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prosperous
[Adjective]

rich and financially successful

Ex: The merchant led a prosperous life .
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to spend a lot of money on fancy or unnecessary things

Ex: To mark the end of exams , the students decided to splash out on a fancy dinner to celebrate their accomplishments .
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unaffordable
[Adjective]

too expensive for someone to pay for

Ex: Insurance has become unaffordable for low-income workers.
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well-off
[Adjective]

having enough money to cover one's expenses and maintain a desirable lifestyle

Ex: They invested wisely and became well-off in their retirement years .
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to manage to stay strong and determined, despite the likelihood of failure

Ex: We have so much debt that we're barely able to keep our heads above water.
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balance
[noun]

the sum of money that is left in a bank account

Ex: She was pleasantly surprised to see her balance increase after receiving a refund for an overcharged bill .
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low-cost
[Adjective]

relatively cheap compared to others of its kind

Ex: She prefers low-cost grocery stores to stay within her budget .
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tariff
[noun]

a tax paid on goods imported or exported

Ex: Businesses are concerned about potential tariff increases that could impact their supply chain costs .
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to top up
[Verb]

to add credit or money to a prepaid phone account to enable continued use of its services

Ex: The app provides a simple way to automatically top up your phone credit .
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profitable
[Adjective]

(of a business) providing benefits or valuable returns

Ex: His innovative app quickly became one of the most profitable products in the tech industry .
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quotation
[noun]

a statement indicating the cost of a specific service or piece of work

Ex: Before signing the contract , they reviewed the quotation to ensure it aligned with their budget and expectations .
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affluence
[noun]

the state of having a large amount of money, valuable possessions, or other material resources

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net
[noun]

the amount remaining after all deductions, especially the excess of revenues over outlays during a given period

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Cambridge English: CAE (C1 Advanced)
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