Levle5-Unit2-Part3-Vocabulary

Regulations in Company

To sue:to take someone to court in a legal disgreement.

They broke our contract and didn't pay,so we sued them and won.

She sued her employeer for firing her,but she lost because they had the right to fire her.

(We couldn't agree to her plan to avoid paying taxes,which was illegal,so she threatened to sue us.

We had to be very careful when we talked to her because we didn't want to be sued.)

To restrict:to put limits on something.

This is a restricted area,so stay away.

We need to restrict them from talking to anyone about our project.

(We can't trust him ,so we will have to restrict his activities until we know him better.

The goverment tried to restrict people from going there because it was too dangerous,but some people insisted on going.)

To negotiate:to deal with or bargain with others to reach an agreement.

Insteading of strating a war,we should negotiate and find a way to compromise.

We are trying to negotiate a better deal,but it isn't easy.

(He never wants to negotiate,so he has lost several important customers.

If we agree to buy more,then we can negotiate for a volume diacount.)

Responsible for/to:to be responsible for something means to have the job of geting a done or taking care of.

If you are responsible to someone it means that you are working under their control.

(He is responsible to the CEO,so he can't sign the contract without her final approval.

We have many responsiblities,but she is the one responsible for product development.)

Oversee or supervise:to control or direct a process or project.

One of his responsibilities was to supervise the rescue operations and keep things undercontrol.

As product manager,she oversees the work of several departments.

(Their new project is behind schedule because nobody oversees how the departments work together.

It's my responsibility to oversee how things being done and then make recommendations to the CEO.)

Business Terms

To merge:to combine or come together.

Those two companies used to be competitors but now they have merged into one company.

When the two companies merged,many people were laid off.

(When two companies merge there are often many peoblems,including layoffs.)

To acquire:to buy or take possession.

Some big companies grow by acquiring other companies.

One way to protect your business is to acquire your competitors.

(We need to acquire new technology as soon as possible because we are out-of-date.)

An agenda:a plan or a list of items to be discussed at a meeting.

The agenda for the meeting is still unclear.

What are the main points on the agenda for the meeting.

(There are too many items on the agenda,so we need to cut it down and focus on fewer things.)

A contract:a written document that definds the rules in a relationship.

A contract isn't usually useful until things begin to go badly in a relationship.

According to our contract,their first payment is due to nextweek.

(It took a long time to agree on a contract because their lawyers kept finding issues that kept us apart.)

Assets and liabilities:assets are what you own and liabilities are what you owe.

Knowing the assets and liabilities of a company helps determine  a company's value.

The company had more liabilities than assets,so we decided not to invest.

(Their assets were rapidly increasing in value each year,so we decided to invest.)

(We don't know what's on his agenda,so we need to be careful what we say.

If a comopany borrows a lot of money,it's increasing its liabilities.

When two companies combine into one,it's called a merger.)