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Friday, April 10, 2009

Business Vocabulary, Class 04/06/09

entrepreneur - someone who starts a company, arranges business deals and takes risks
freelance - someone who works for different companies and is not employed by one
hierarchy - system of authority within an organisation
merger - the creation of a new company by joining two separate companies
share - a unit of the capital of a company Shares in listed companies can be bought and sold on the stock market
trade union - an organization that exists to protect the rights of employees in a company
appraise - to assess the value of something
autonomy - the freedom to make your own decisions without having to request authorization
subordinate - a person who works under a more senior member of staff
compensation - payment, including salary and other incentives like stock options

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