Business ethics & late payers

 0    26 flashcards    kingakrupa0
download mp3 print play test yourself
 
Question Answer
Stakeholder
start learning
a person with an interest or concern in something, especially a business. People such employees, customers or citizens who are involved with an organisation and therefore have an interest in its success. interesariusz
Shareholder
start learning
an owner of shares in a company. akcjonariusz
fiduciary responsibility
start learning
an obligation that prevents one party from acting in their own interest rather than in the interest of the organization. For nonprofits, this ethical commitment makes it possible for them to fulfill their missions.
Benefits
start learning
things such as medical insurance that employees receive in addition to money.
Premise
start learning
idea or theory on which a statement or action is based.
Discharge a debt
start learning
pay a debt completely.
Better off
start learning
richer.
Strive for
start learning
try very hard to make something happen.
Fall short of
start learning
fail to reach a desired standard.
Knock on effects
start learning
indirect results of other events or situations
Bank charges
start learning
sums of money paid by a customer for a bank's service
Bookkeeping
start learning
system of buying debts for less than they are worth and then obtaining payment for them from the debtors
Cash
start learning
money which is immediately available
Credit limit
start learning
the maximum amount of money a bank will allow you to borrow
Credit worthiness
start learning
calculation of someone's ability to pay back money which they have borrowed.
Debtor
start learning
someone who owes money.
Factoring
start learning
amount which is less than the level that was expected or needed.
Outgoings
start learning
amounts of money that regularly have to be spent.
Overdraft
start learning
amount of money that a bank customer with an account is temporarily allowed to owe the bank.
Overtrading
start learning
operating a business while not having enough money to pay creditors and employees
Shortfall
start learning
amount which is less than the level that was expected or needed.
Constraints
start learning
things which limit your freedom of action.
Unauthorized
start learning
without official permission.
Undue
start learning
to a level which is more than is necessary or reasonable.
Punitive bank charges
start learning
charges which are used to punish someone.
Root cause
start learning
reasons for something bad

You must sign in to write a comment