sector
[noun]
a specific part or branch of an economy, society, or activity with its own distinct characteristics and functions
SAT Humanities - Business and Management
Here you will learn some English words related to business and management, such as "sector", "commission", "menial", etc. that you will need to ace your SATs.
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headquarters
[noun]
the place where the main offices of a large company or organization are located
Ex:
The
nonprofit organization
's
headquarters
oversee
operations
worldwide
.
corporation
[noun]
a company or group of people that are considered as a single unit by law
Ex:
The
corporation
's
annual
report
highlighted
significant
growth
in
revenue
.
foundation
[noun]
an organization established with a specific mission or purpose, often dedicated to charitable, educational, cultural, or research activities
Ex:
The
museum
was
funded
by
a
generous
donation
from
a
local
foundation
.
enterprise
[noun]
a company
Ex:
The
multinational
enterprise
operates
in
multiple
countries
,
serving
a
diverse
customer
base
.
bureau
[noun]
a specific section within a government department which is responsible for specific tasks, functions, etc.
Ex:
The
statistics
bureau
collects
and
analyzes
data
to
provide
accurate
information
for
government
planning
and
decision-making
.
start-up
[noun]
a newly established company or business venture, typically characterized by its innovative approach, early-stage development, and a focus on growth
Ex:
She
joined
a
promising
start-up
in
the
finance
sector
.
entrepreneur
[noun]
a person who starts a business, especially one who takes financial risks
Ex:
Networking events
are
essential
for
an
entrepreneur
to
connect
with
potential
investors
.
guild
[noun]
an association of people who work in the same industry or have similar goals or interests
occupation
[noun]
a person's profession or job, typically the means by which they earn a living
Ex:
Many
people
find
fulfillment
in
pursuing
an
occupation
that
aligns
with
their
passions
and
interests
.
profession
[noun]
a paid job that often requires a high level of education and training
Ex:
His
profession
as
an
architect
allows
him
to
design
and
create
innovative
buildings
.
copyright
[noun]
a legal permission to control the production of a book, movie, music, etc.
Ex:
You
need
permission
to
use
that
image
,
it
's
under
copyright
.
real estate
[noun]
a piece of land, building, or other similar property as opposed to personal possessions
designation
[noun]
the act of assigning a person to a specific position or role, typically based on qualifications, skills, or organizational needs
Ex:
The
university
's
designation
of
department
chairperson
involves
overseeing
curriculum
development
and
faculty
management
.
turnover
[noun]
the rate at which employees leave a company and are replaced by new hires within a specified period
Ex:
A
low
turnover
is
often
indicative
of
a
stable
and
satisfied
workforce
.
productivity
[noun]
the state or condition of being productive, or the ability to produce or generate goods, services, or results efficiently and effectively
Ex:
She
was
praised
for
her
productivity
in
completing
the
project
ahead of
schedule
.
internship
[noun]
the initial phase of medical training in which a graduate works under supervision in a hospital or clinic
Ex:
His
surgical
internship
included
rotations
in
trauma
,
orthopedics
,
and
general surgery
.
portfolio
[noun]
the complete range of products or services offered by a company or organization
Ex:
A
diverse
portfolio
helps
a
firm
remain
competitive
.
affiliation
[noun]
a connection between a person, group, or organization and another entity, often involving membership, support, or shared identity
Ex:
Their
company
has
a
long-standing
affiliation
with
the
local
chamber of commerce
.
supervision
[noun]
the act or process of overseeing the activities of individuals or a group to ensure compliance with rules or objectives
Ex:
Effective
supervision
involves
both
guidance
and
feedback
to
help
employees
develop
their
skills
and
contribute
to
organizational
goals
.
inventory
[noun]
the value of goods and materials that a business holds for the purpose of resale or production
Ex:
The
warehouse
manager
oversees
the
organization
and
tracking
of
inventory
to
ensure
efficient
operations
.
bureaucrat
[noun]
a government official or employee who works within a bureaucratic system, typically involved in implementing and administering government policies and procedures
Ex:
Bureaucrats
in
the
finance department
manage
budget
allocations
for
various
government
programs
.
sideline
[noun]
a secondary or additional line of merchandise or products that complement a company's primary offerings
Ex:
The
bakery
's
sideline
in
specialty
cakes
and
pastries
attracted
a
niche market
of
gourmet
dessert
enthusiasts
.
workshop
[noun]
a building or room in which particular goods are made or fixed by different means
Ex:
The
metalworking
workshop
fabricates
metal
parts
using
welding
and
machining
techniques
.
vendor
[noun]
an individual who is offering something for sale, particularly a property such as a house, piece of land, etc.
stall
[noun]
a stand or a small table or shop with an open front where people sell their goods
Ex:
Street
vendors
filled
the
square
,
each
running
a
different
stall
.
outsourcing
[noun]
the process of having someone outside of a company provide goods or services for that company
bookkeeping
[noun]
the systematic recording, organizing, and maintaining of financial transactions of a business or organization
Ex:
Modern
bookkeeping
software
simplifies
the
process
of
recording
transactions
and
generating
reports
.
slogan
[noun]
a short memorable phrase that is used in advertising to draw people's attention toward something
Ex:
The
marketing
team
spent
weeks
brainstorming
the
perfect
slogan
to
capture
the
essence
of
their
new
product
.
menial
[adjective]
(of work) not requiring special skills, often considered unimportant and poorly paid
Ex:
Many
people
avoid
menial
jobs
,
but
they
are
crucial
to
the
economy
.
to telecommute
[verb]
to work remotely from a location other than the traditional office
Ex:
The
team
telecommutes
regularly
,
using
video
conferencing
software
to
stay
connected
and
collaborate
.
to induct
[verb]
to formally put someone in a position or job, especially with an official ceremony
Ex:
They
are
currently
inducting
new
recruits
into
the
military
with
a
series
of
rigorous
training
exercises
.
to commission
[verb]
to assign someone to do a task, such as creating an artistic or literary piece
Ex:
The
organization
commissioned
a
sculptor
to
create
a
unique
piece
for
their
headquarters
.
to govern
[verb]
to regulate or control a person, course of action or event or the way something happens
Ex:
The
rules
of
the
game
govern
how
players
interact
with
each other
,
ensuring
fair
play
and
safety
for
all
involved
.
to trademark
[verb]
to legally register a distinctive symbol, word, or phrase used by a business or individual to distinguish their goods or services from others in the marketplace
Ex:
The
musician
successfully
trademarked
his
stage name
to
prevent
others
from
using
it
without
permission
.
to commercialize
[verb]
to make something into a business or focus on making money from it
Ex:
The
artist
refuses
to
commercialize
his
creative
work
.
to decentralize
[verb]
to transfer decision-making or administrative power from a central authority to local or regional entities
Ex:
The
university
's
decision
to
decentralize
administrative
functions
allowed
individual
departments
more
flexibility
in
managing
academic
affairs
.
to enlist
[verb]
to formally recruit or hire someone for work or participation in an activity
Ex:
The
startup
enlisted
experienced
advisors
to
guide
its
growth
strategy
.
to retail
[verb]
to sell small quantities of goods directly to customers
Ex:
The
company
is
currently
retailing
a
new line
of
products
to
test
customer
interest
.
to recruit
[verb]
to employ people for a company, etc.
Ex:
During
the
hiring
process
,
it
's
crucial
to
recruit
candidates
who
align
with
the
company
's
values
.
to appoint
[verb]
to give a responsibility or job to someone
Ex:
It
's
common
for
companies
to
appoint
experienced
managers
to
lead
crucial
departments
.
to mass-produce
[verb]
to manufacture large quantities of goods or products using standardized methods and machinery
Ex:
to oversee
[verb]
to observe an activity in order to ensure that everything is done properly
Ex:
The
supervisor
has
overseen
the
training
of
new
employees
.
to demonetize
[verb]
to cease to use something as a legal currency or declare it invalid for transactions
Ex:
The
bank
's
policy
to
demonetize
outdated
checks
required
customers
to
issue
new
ones
.
to stock
[verb]
to provide with a supply of something, such as goods or inventory, for use or sale
Ex:
Libraries
meticulously
stock
their
shelves
with
a
wide
selection
of
books
for
readers
.
to clinch
[verb]
to decisively conclude something, such as an argument or a contract
Ex:
The
real estate agent
's
expert
negotiation
tactics
clinched
the
sale
of
the
luxurious
property
.
to sponsor
[verb]
to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising
Ex:
A
generous
donor
sponsored
the
construction
of
the
new
community center
.
to administer
[verb]
to be responsible for a company, organization, etc. and manage its affairs, including financial matters
Ex:
Over the years
,
he
has
successfully
administered
various
projects
for
the
company
.
to streamline
[verb]
to simplify or improve efficiency in a process, system, or organization by removing unnecessary steps or optimizing resources
Ex:
The
new
software system
helped
streamline
inventory
management
and
order
processing
.