People & organizations

Hi, everyone!

It's been the sixth semester of Business English Club in L'viv and I'm really pleased that the demand for these classes is increasing. This term we'll continue the practice of working with the essential vocabulary beforehand using this blog. You know that I normally don't give you the home task as I understand that you're all quite busy. Previous years show that you still remember basic words even without home assigment. But, this term there's going to be a tiny task which can bring you some presents from me. The task is as following: make up one sentence that contains the biggest number of new words & get your present at a lesson!

Besides, last semester during the class connected with IT, my BEC students created a blog that I'm using now and encourage you to work with it as well: http://bec-group.blogspot.com. I'd really like you to contribute to the learning process by writing your post and adding comments. You need to: 1) have a box on Gmail; 2) send it to me: podcasteng@gmail.com; 3) create your posts.

If you have any suggestions and ideas which can improve our cooperation, I'm willing to hear them out.

1	A.G.M.	abbr. Annual General Meeting of a company's shareholders
2	board of directors	group of people chosen to establish policy for and control a company
3	career ladder	a metaphor or buzzword used to denote vertical job promotion
4	chairman	person who heads a Board of Directors; head of a company; chairperson Chief executive officer the person with the most important position in a company
	CEO
5	clock in / out	register one's arrival at work / departure from work
6	department	Marketing Dept. n. department that puts goods on market, inc. packaging, advertising etc; Personnel Dept. n. department responsible for recruitment and welfare of staff or employees; Production Dept. n. department responsible for physical creation of product; Purchasing Dept. n. department responsible for finding and buying everything for a company; R & D Dept. n. department responsible for Research and Development of (new) products; Sales Dept. n. department responsible for finding customers and making sales
7	handover	the act of making sb else responsible for sth
8	headquarters	a company's principal or main office or centre of control
9	hectic	very busy
10	Inc	Incorporated - used after the name of a company organized as a legal corporation (= a group of people acting as one) especially in business
11	Jsv	Joint stock venture - Corporation with unlimited liability for the shareholders.
12	labour union	an organization of workers that have banded together to achieve common goals such as better working conditions.
13	Ltd	Limited - a company, especially one in the UK, whose owners only have to pay part of the money they owe if the company fails financially
14	neglect	not to do sth, or not give enough attention to sth
15	non-profit organization	organization created to serve a purpose other than the generation of profit (for distribution among stockholders) and usually given a tax exempt status
16	organizational structure	formal and informal framework of policies and rules, within which an organization arranges its lines of authority and communications, and allocates rights and duties.
17	outsourcing	if a company outsources, it pays to have part of its work done by another company
18	pile up	become larger in quantity or amount
19	Plc	Public limited company - incorporated, limited liability firm whose securities are traded on a stock exchange and can be bought and sold by anyone
20	proactive	taking action by causing change and not only reacting to change when it happens
21	procrastinate	to keep delaying something that must be done, often because it is unpleasant or boring
22	product launch	the debut of a product into the market
23	remuneration	payment for work or services
24	run	to be in control of; be in charge of; be responsible for
25	salary	a fixed amount of money agreed every year as pay for an employee, usually paid directly into his or her bank account every month
26	shareholder	person who holds or owns shares in or a part of a company or corporation
27	subordination	to be of a lower rank and/or be subject to the commands of another.
28	vice president	any of several executive officers, each responsible for a separate division
29	wage (also wages [plural])	a fixed amount of money that is paid, usually every week, to an employee, especially one who does work that needs physical skills or strength, rather than a job needing a college education an hourly/daily/weekly/annual wage // a minimum wage
30	work from home	telecommuting or telework