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Business, Legal, and Technological Terms Study Guide

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Updated on Sep 28, 2011

Introduction

This lesson covers a sampling of work-related terms and provides instruction on how to familiarize yourself with them.

YOU MAY BE a long way off from your first job, but that doesn't mean you can't pay attention to some of the terms that are used in the business world. Business, legal, and technological terms are to be found in newspapers and magazine articles as well as in the workplace. If you become familiar with them now, you will be at an advantage when you finally do enter the workforce.

Another benefit of learning work-related words is that they will help you to keep up on current events. If you read newspapers, magazines, or websites to learn about current events, chances are you will come across financial, legal, or other business terms. Understanding these terms will help you understand the message that the author is trying to convey. When you are called upon to write essays on current events or business-related issues, your spelling of these terms will be important.

You can improve your spelling of work-related terms by learning the words listed in this lesson and by reading business journals, magazines, books, and websites. Business books are especially helpful because they often include glossaries to augment their content. Business magazines and websites usually feature timely topics and use current terms, jargon, or buzzwords. Learning the proper spelling of these terms can be helpful to you as you further your education and when you eventually embark on a career.

Internet Resources 

Here is a list of some work-related websites that you can visit to familiarize yourself with business, legal, and technological terms. As you work your way through these sites, you will undoubtedly find links to others. Visit those sites as well, read their articles, and look at any resources or glossaries they offer.

Barron's Online: www.barrons.com Bloomberg.com: www.bloomberg.com Business Journals: www.bizjournals.com New York Times Online: www.nytimes.com The Wall Street Journal Online: www.wsj.com Fast Company Magazine Online: www.fastcompany.com Internet.com: www.internet.com Women in Technology International: www.witi.org CNN: www.cnn.com

Work-Related Terms 

The following list is a small sample of work-related terms. Each of the 50 words in the list is accompanied by a brief definition. If you follow the suggestions outlined in this lesson, you will begin to notice these terms in the material that you read. Use this guide and your dictionary to increase your knowledge of workrelated terms.

1. acquisition: something that is acquired or gained
2. adjudicate: to make a judicial decision
3. application: a software program that lets you complete a task on your computer, such as word processing, listening to music, or viewing a web page
4. balance: the difference between money available and money owed
5. bandwidth: the capacity for sending information through an Internet connection
6. bankrupt: the legal state of being unable to pay one's debts
7. benefits: anything offered by an employer in addition to salary, including health insurance, vacation days, and sick days
8. blogosphere: a collective term for the community of blogs and bloggers
9. branding: a marketing term for the definition of a company for advertising purposes
10. browser: the program that enables users to look at files on the Web
11. commercial: relating to commerce, the exchange of goods; items offered for sale
12. compatible: able to work together; often used to describe software or computer devices
13. consortium: an association of two or more individuals or companies operating collectively
14. consumer: individual who uses goods or services
15. content: substantive information
16. corporation: a company that is legally treated as an individual
17. credit: money due to a person or a business
18. database: an organizational system using tables that helps a computer quickly retrieve pieces of information
19. debt: money owed by a person or a business
20. department: a smaller division within a company
21. deposition: witness testimony given under oath during the trial preparation process
22. digital: description of any electronic device that uses numbers to calculate information
23. diversity: a state consisting of a variety of different elements; often used in reference to economic matters
24. employer: business or individual for whom an employee works
25. equity: ownership
26. exempt: not subject to rules; often used in reference to workers and Fair Labor Standards Act regulations
27. fiscal: financial
28. globalization: the state of extending to all parts of the globe; often used in reference to economic matters
29. implement: to put into effect
30. incur: to come into or to acquire, usually undesirably
31. insurance: a coverage plan in which an individual pays a regular fee in exchange for future services
32. interview: a formal meeting set up between an employer and a potential employee seeking to be hired for a job
33. jargon: the specialized vocabulary of an industry or group
34. liability: a financial obligation such as a debt
35. litigious: inclined to engage in lawsuits
36. multimedia: media and content that use a combination of different forms
37. network: a group of two or more computers linked together
38. outsource: to contract jobs to outside workers
39. policy: a course of action; a rule
40. procedure: a way of doing something
41. product: a thing being created or manufactured
42. references: a group of people presented by a potential employee to an employer who can report on the potential employee's strengths and weaknesses
43. resume: a printed overview of an employee's, or potential employee's, previous job and educational experience
44. revenue: the amount of money that an individual or company receives during a set period of time
45. salary: the amount of money that a job pays, usually figured as an annual amount
46. spreadsheet: a bookkeeping program that displays data in rows and columns, or any individual document created by such a program
47. sustainable: capable of being continued with minimal long-term environmental effects
48. transparent: open about operating procedures
49. upload: to copy to an outside source from a computer or network location
50. virtual: carried on through a computer

Practice exercises for this study guide can be found at:

Business, Legal, and Technological Terms Practice Exercises

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