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ACT Humanities - Business and Management

Here you will learn some English words related to business and management, such as "induct", "slogan", "affiliation", etc. that will help you ace your ACTs.

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ACT Vocabulary for Humanities
occupation

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

[noun]
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Definition & Meaning of \"occupation\"
profession

a paid job that often requires a high level of education and training

[noun]
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Definition & Meaning of \"profession\"
affiliation

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

[noun]
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Definition & Meaning of \"affiliation\"
corporation

a company or group of people that are considered as a single unit by law

[noun]
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Definition & Meaning of \"corporation\"
foundation

an organization established with a specific mission or purpose, often dedicated to charitable, educational, cultural, or research activities

[noun]
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Definition & Meaning of \"foundation\"
enterprise

a company

[noun]
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Definition & Meaning of \"enterprise\"
bureau

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

[noun]
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Definition & Meaning of \"bureau\"
headquarters

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

[noun]
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Definition & Meaning of \"headquarters\"
startup

a newly established company or business venture, typically characterized by its innovative approach, early-stage development, and a focus on growth

[noun]
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Definition & Meaning of \"startup\"
portfolio

a group of shares that a person or organization owns

[noun]
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Definition & Meaning of \"portfolio\"
guild

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

[noun]
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Definition & Meaning of \"guild\"
chief executive officer

the highest-ranking person in a company

[noun]
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Definition & Meaning of \"chief executive officer\"
entrepreneur

a person who starts a business, especially one who takes financial risks

[noun]
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Definition & Meaning of \"entrepreneur\"
to govern

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

[Verb]
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Definition & Meaning of \"to govern\"
to administer

to be responsible for a company, organization, etc. and manage its affairs, including financial matters

[Verb]
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Definition & Meaning of \"to administer\"
supervision

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

[noun]
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Definition & Meaning of \"supervision\"
to oversee

to observe an activity in order to ensure that everything is done properly

[Verb]
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Definition & Meaning of \"to oversee\"
to preside

to have or act in an authoritative role in a ceremony, meeting, etc.

[Verb]
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Definition & Meaning of \"to preside\"
copyright

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

[noun]
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Definition & Meaning of \"copyright\"
sector

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

[noun]
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Definition & Meaning of \"sector\"
designation

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

[noun]
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Definition & Meaning of \"designation\"
turnover

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

[noun]
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Definition & Meaning of \"turnover\"
productivity

the state or condition of being productive, or the ability to produce or generate goods, services, or results efficiently and effectively

[noun]
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Definition & Meaning of \"productivity\"
internship

a period of time spent working for free or little pay in order to gain experience or to become qualified in a particular field

[noun]
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Definition & Meaning of \"internship\"
menial

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

[Adjective]
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Definition & Meaning of \"menial\"
inventory

a detailed list or record of all the items or goods in stock or on hand within a particular location, organization, or system

[noun]
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Definition & Meaning of \"inventory\"
bureaucrat

a government official or employee who works within a bureaucratic system, typically involved in implementing and administering government policies and procedures

[noun]
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Definition & Meaning of \"bureaucrat\"
sideline

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

[noun]
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Definition & Meaning of \"sideline\"
workshop

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

[noun]
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Definition & Meaning of \"workshop\"
vendor

someone on the street who offers food, clothing, etc. for sale

[noun]
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Definition & Meaning of \"vendor\"
parlor

a shop or business offering specific goods or services

[noun]
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Definition & Meaning of \"parlor\"
stall

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

[noun]
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Definition & Meaning of \"stall\"
outsourcing

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

[noun]
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Definition & Meaning of \"outsourcing\"
bookkeeping

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

[noun]
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Definition & Meaning of \"bookkeeping\"
slogan

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

[noun]
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Definition & Meaning of \"slogan\"
to telecommute

to work remotely from a location other than the traditional office

[Verb]
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Definition & Meaning of \"to telecommute\"
to induct

to formally put someone in a position or job, especially with an official ceremony

[Verb]
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Definition & Meaning of \"to induct\"
commission

a sum of money given to someone for the goods they have sold, which increases based on the amount they sell

[noun]
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Definition & Meaning of \"commission\"
trademark

a name or design that exclusively belongs to a particular company or its products

[noun]
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Definition & Meaning of \"trademark\"
to commercialize

to make something into a business or focus on making money from it

[Verb]
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Definition & Meaning of \"to commercialize\"
to decentralize

to transfer decision-making or administrative power from a central authority to local or regional entities

[Verb]
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Definition & Meaning of \"to decentralize\"
to retail

to sell small quantities of goods directly to customers

[Verb]
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Definition & Meaning of \"to retail\"
to appoint

to give a responsibility or job to someone

[Verb]
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Definition & Meaning of \"to appoint\"
to enlist

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

[Verb]
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Definition & Meaning of \"to enlist\"
to recruit

to employ people for a company, etc.

[Verb]
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Definition & Meaning of \"to recruit\"
to mass-produce

to manufacture large quantities of goods or products using standardized methods and machinery

[Verb]
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Definition & Meaning of \"to mass-produce\"
to demonetize

to cease to use something as a legal currency or declare it invalid for transactions

[Verb]
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Definition & Meaning of \"to demonetize\"
to stock

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

[Verb]
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Definition & Meaning of \"to stock\"
to clinch

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

[Verb]
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Definition & Meaning of \"to clinch\"
to sponsor

to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising

[Verb]
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Definition & Meaning of \"to sponsor\"
to streamline

to simplify or improve efficiency in a process, system, or organization by removing unnecessary steps or optimizing resources

[Verb]
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Definition & Meaning of \"to streamline\"
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