Exam: BEC Higher

Definition: A person who starts and manages a business or project, often taking on financial risks to do so.

Example: The enterpriser launched a new tech startup that quickly gained popularity.

Definition: A place where goods are stored and traded, often acting as a hub for shipping and receiving products.

Example: The entrepot served as a key location for international trade, allowing goods to be distributed efficiently.

Definition: A person who starts and runs a business, taking on financial risks in the hope of making a profit.

Example: She became a successful entrepreneur after launching her own tech startup.

Definition: Having the qualities or mindset of someone who starts and runs their own business, often characterized by innovation and risk-taking.

Example: She has an entrepreneurial spirit and is always looking for new business opportunities.

Definition: A legal arrangement where money, property, or documents are held by a third party until certain conditions are met before they are transferred to another party.

Example: The house sale was completed using an escrow to ensure that the funds were safely held until all agreements were fulfilled.

Definition: To put something, usually money or a legal document, into a temporary holding arrangement until certain conditions are met.

Example: The buyer placed the deposit in escrow until the sale was finalized.

Definition: The main type of money used in many countries in Europe, especially those that are part of the European Union.

Example: Many people in Europe use the euro to buy goods and services.

Definition: A person who carries out or performs a task or duty.

Example: The executer of the project ensured that everything was completed on time.

Definition: Relating to the management or administration of an organization or government, often involving decision-making and authority.

Example: She was promoted to an executive position in the company due to her leadership skills.

Definition: A person who has a high-level position in a company or organization, responsible for making important decisions and managing operations.

Example: The executive made a crucial decision that affected the entire company.

Definition: To make a process happen faster or to help it progress more quickly.

Example: The manager asked the team to expedite the project so it could be completed ahead of schedule.

Definition: The condition of being able to be used up or sacrificed without significant loss; often refers to resources or items that can be replaced or are not essential.

Example: In a military context, the expendability of certain equipment can affect strategic decisions.