Vocabulary for IELTS Academic (Band 6-7) - Management

a financial guarantee or compensation provided for potential loss or damage

a task or piece of work that someone is asked to do as part of their job

the act or process of working with someone to produce or achieve something

a group of people appointed or elected to perform a specific function, task, or duty

the act of following rules or regulations

the practice of giving professional advice within a particular field

the ability to act or function with minimum effort, time, and resources

the hierarchy of positions and responsibilities in an organization responsible for the direct supervision and control of employees, typically involving the execution of day-to-day tasks and achieving operational goals

a judgment on the quantity and quality of something after careful consideration

the act of carrying out or performing a task, duty, or plan, typically with precision and adherence to specific instructions or objectives

high level of skill, knowledge, or proficiency in a particular field or subject matter

used after the name of a company to indicate that its owners are not legally responsible for all the money that the company owes but only to the amount they have invested in it

a structure or model guiding organization or development, often with rules or principles

guidance on how to carry out a task or operate something

a reliable and experienced person who helps those with less experience

the action or process of carrying out or accomplishing a task, duty, or function, often measured against predetermined standards, goals, or expectations

a set of ideas or a plan of action that has been chosen officially by a group of people, an organization, a political party, etc.

the process or action of finding new individuals to become a member of the armed forces, a company, or an organization

the practice of using methods such as punishment, training, or guidance to enforce rules and improve behavior

a set of rules and appropriate behavior that officials use on formal occasions

a written statement that shows the assets and liabilities of a company at a specific point in time