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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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SAT Vocabulary for Humanities
sector
[noun]

a specific part or branch of an economy, society, or activity with its own distinct characteristics and functions

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the place where the main offices of a large company or organization are located

Ex: The tech giant 's headquarters feature state-of-the-art facilities and amenities .
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the highest-ranking person in a company

Ex: Employees appreciated the CEO's transparency during difficult times.
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a company or group of people that are considered as a single unit by law

Ex: The new environmental regulations will affect how the corporation conducts its business .
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an organization established with a specific mission or purpose, often dedicated to charitable, educational, cultural, or research activities

Ex: The foundation's mission is to promote literacy and education in underserved communities .
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a company

Ex: The startup aims to disrupt the industry with its innovative enterprise solutions .
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bureau
[noun]

a specific section within a government department which is responsible for specific tasks, functions, etc.

Ex: The education bureau focuses on developing curriculum standards and ensuring the quality of education in schools across the region .
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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: The start-up expanded rapidly after its product went viral .
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a person who starts a business, especially one who takes financial risks

Ex: Many entrepreneurs face significant risks but also have the potential for substantial rewards .
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guild
[noun]

an association of people who work in the same industry or have similar goals or interests

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a person's profession or job, typically the means by which they earn a living

Ex: She decided to change her occupation and pursue a career in healthcare to help others improve their well-being .
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a paid job that often requires a high level of education and training

Ex: She has been practicing law for over twenty years and is highly respected in her profession.
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copyright
[noun]

a legal permission to control the production of a book, movie, music, etc.

Ex: Violating copyright can result in hefty fines or lawsuits .
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a piece of land, building, or other similar property as opposed to personal possessions

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the act of assigning a person to a specific position or role, typically based on qualifications, skills, or organizational needs

Ex: The designation of head chef was awarded to him after years of dedication and culinary expertise .
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turnover
[noun]

the rate at which employees leave a company and are replaced by new hires within a specified period

Ex: High turnover in customer service roles can impact customer satisfaction and loyalty .
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the state or condition of being productive, or the ability to produce or generate goods, services, or results efficiently and effectively

Ex: His productivity decreased when he started working late into the night .
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a period of time spent working for free or little pay in order to gain experience or to become qualified in a particular field

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portfolio
[noun]

the range of products or services that a particular firm or organization offers to its customers

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the act of officially joining or associating with a group, organization, or cause

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the act or process of overseeing the activities of individuals or a group to ensure compliance with rules or objectives

Ex: The regulatory agency conducts regular supervision of financial institutions to ensure compliance with industry regulations and protect consumers .
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inventory
[noun]

the value of goods and materials that a business holds for the purpose of resale or production

Ex: Accurate inventory management is crucial for maintaining adequate stock and meeting customer demand .
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a government official or employee who works within a bureaucratic system, typically involved in implementing and administering government policies and procedures

Ex: Developing curriculum standards and overseeing school operations are tasks assigned to bureaucrats in the education department .
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sideline
[noun]

a secondary or additional line of merchandise or products that complement a company's primary offerings

Ex: Retailers often introduce seasonal sidelines to capitalize on trends and maximize sales opportunities .
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workshop
[noun]

a building or room in which particular goods are made or fixed by different means

Ex: He spent the weekend at the woodworking workshop, crafting a new bookshelf .
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vendor
[noun]

an individual who is offering something for sale, particularly a property such as a house, piece of land, etc.

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stall
[noun]

a stand or a small table or shop with an open front where people sell their goods

Ex: She helped her mother manage their vegetable stall at the farmers ’ market .
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parlor
[noun]

a shop or business offering specific goods or services

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the process of having someone outside of a company provide goods or services for that company

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the systematic recording, organizing, and maintaining of financial transactions of a business or organization

Ex: Effective bookkeeping practices help businesses track expenses , manage cash flow , and make informed financial decisions .
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slogan
[noun]

a short memorable phrase that is used in advertising to draw people's attention toward something

Ex: The environmental group 's slogan " Save the Earth , One Step at a Time " resonated deeply with the public during their campaign .
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menial
[Adjective]

(of work) not requiring special skills, often considered unimportant and poorly paid

Ex: The company hires temporary workers for menial tasks like filing and data entry .
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to work remotely from a location other than the traditional office

Ex: She telecommutes full-time , managing her workload efficiently from her home office .
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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 .
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to assign someone to do a task, such as creating an artistic or literary piece

Ex: The publishing house is actively commissioning authors for new literary works .
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to govern
[Verb]

to regulate or control a person, course of action or event or the way something happens

Ex: The laws of physics govern the way objects move in the universe .
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to act in an authoritative role in a ceremony, meeting, etc.

Ex: The chairman will preside over the annual shareholders' meeting and present the company's financial report.
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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: Startups often prioritize trademarking their key product names to establish brand identity and market presence .
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to make something into a business or focus on making money from it

Ex: The music industry commercializes trends to maximize sales .
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to transfer decision-making or administrative power from a central authority to local or regional entities

Ex: To encourage entrepreneurship , the government sought to decentralize business licensing processes , simplifying procedures at the local level .
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to enlist
[Verb]

to formally recruit or hire someone for work or participation in an activity

Ex: We need to enlist additional volunteers for the upcoming charity event .
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to retail
[Verb]

to sell small quantities of goods directly to customers

Ex: Over the years , these shops have successfully retailed unique products to loyal customers .
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to employ people for a company, etc.

Ex: Companies use various strategies to recruit top talent in competitive industries .
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to give a responsibility or job to someone

Ex: The experienced manager appointed specific roles during a period of organizational change .
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to manufacture large quantities of goods or products using standardized methods and machinery

Ex: The technology company aims to mass-produce its innovative gadgets to reach a broader market.
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to observe an activity in order to ensure that everything is done properly

Ex: The project manager oversees the workflow to prevent delays .
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to cease to use something as a legal currency or declare it invalid for transactions

Ex: Digital payment systems aim to gradually demonetize cash transactions for convenience and security .
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to stock
[Verb]

to provide with a supply of something, such as goods or inventory, for use or sale

Ex: The company has recently stocked premium items for a special promotion .
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to clinch
[Verb]

to decisively conclude something, such as an argument or a contract

Ex: The engineer 's innovative design clinched the contract for the construction project .
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to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising

Ex: The brand sponsors a popular TV show , showcasing its products during commercial breaks .
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to be responsible for a company, organization, etc. and manage its affairs, including financial matters

Ex: The school principal actively administers the educational programs and resources .
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to simplify or improve efficiency in a process, system, or organization by removing unnecessary steps or optimizing resources

Ex: Streamlining communication channels between departments enhanced collaboration and productivity .
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SAT Humanities
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