S
Salary: an amount of money paid every month to an employee in exchange for their services: Salaries are always paid in the local currency.
Sales 1: the value of the goods and services sold during a period: The Company reported sales of $42 million during the first quarter.
Sales 2: the department responsible for the activity of selling goods and services to customers: I’ll put you through to our sales department.
Saving: money and materials saved by economical working: New construction techniques resulted in a saving of 25 per cent of operation and maintenance costs.
Screen: to examine or test people: Each candidate is screened for education, experience, expertise and salary.
Securities Exchange Commission abbreviation SEC: the US agency responsible for stock market regulation: The SEC is currently investigating ten cases of fraud.
Service provider: a company that provides services for users especially in computer networks: There are several issues to consider when selecting a service provider:
Severance deal / pay: money paid by an employer when an employee’s services are terminated: Severance pay for top executives has increased significantly in recent years.
Share: a unit of the capital of a company Shares in listed companies can be bought and sold on the stock market: Investors are having to pay a higher price for the company’s shares.
Ship: to move goods from one place to another: This order is being shipped to Puerto Rico.
Shortage: a lack or scarcity of something: Silicon Valley is facing a shortage of skilled programmers.
Stock option: an option given to executive employees allowing them to buy shares in the company at a favorable price: Microsoft has announced that it plans to end stock options for employees.
Strategy: a plan of action to enable a firm to compete: As part of our new strategy we are developing closer links with our suppliers.
Subordinate: a person who works under a more senior member of staff: I have six subordinates that report to me subordinate.
Subsidiary: company owned by a parent company.
Subsidy: money given by a government to certain producers to help them to produce without losing money: World Bank economists are urging rich countries to cut subsidies to certain industries.
Supervise: to control the work of other people in order to make sure that it is properly done: We need to supervise the trainees very closely supervision.
Supply chain: the interactions between the suppliers, manufacturers and distributors when making and selling a product: Information technology has changed the dynamics of the supply chain.
Supply: the amount of goods or services available on a market at a certain time: Improved production techniques will increase the supply of raw materials
T
Task: a piece of work that has to be done Tasks are generally assigned to employees at the start of the week.
Taxpayer: any person or organisation that is liable to pay tax: Taxpayers will pay more to subsidies the development of alternative energy sources.
Tender: a written offer by a supplier to provide goods or services at a certain price: Your tender has been accepted at the agreed price.
Text messaging: a system which allows short text messages to be communicated by telephone: Text messaging is far more popular than voice calls.
Threat: a potential danger to the interests of a company: Deregulation of the market is a real threat to established telecom operators.
Trade union: an organisation that exists to protect the rights of employees in a company: The trade union is in pay negotiations with the employer.
Trademark: a special, registered picture or symbol that is associated with a particular brand or product:
Train: to teach someone the skills of a particular job or activity: Staff are trained to watch for situations where they may be required to help.
W
Wealth: the amount of money or possessions owned by an individual, organisation or country: Accumulating wealth is the key to financial independence.