Exam: BEC Higher

Definition: A person who has a lot of money, specifically at least one million dollars or its equivalent in other currencies.

Example: After years of hard work, she finally became a millionaire.

Definition: To label or identify something in a way that is incorrect or deceptive.

Example: The company was accused of misbranding its products to make them seem more effective than they really are.

Definition: To charge someone incorrectly, often in a financial context.

Example: The company had to refund the customer after they realized they had mischarged her account.

Definition: A situation where someone is employed in a job that is not suitable or appropriate for their skills or qualifications.

Example: After years of misemployment, she finally found a job that matched her talents.

Definition: The act of managing something poorly or in a way that causes problems.

Example: The company's mismanagement led to significant financial losses.

Definition: To set a price that is wrong or not appropriate for something.

Example: The store mispriced the shoes, making them much cheaper than they should have been.

Definition: A situation where the price of an item is set incorrectly, either too high or too low.

Example: The mispricing of the stock led to unexpected losses for investors.

Definition: To set a price incorrectly for a product or service, often leading to a financial loss or gain.

Example: The company is mispricing its products, which could lead to significant losses.

Definition: To engage in activities aimed at spreading a religious faith or belief.

Example: They decided to missionize in remote areas to share their beliefs.

Definition: To bring someone or something under the influence of a religious mission or to perform missionary work in a specific area.

Example: The organization aims to missionize remote communities by providing education and healthcare.

Definition: To use money or resources in a way that is not wise or effective, often wasting them instead of using them for a good purpose.

Example: He regretted how he misspent his savings on unnecessary things.

Definition: In a way that relates to money or finances.

Example: The project was funded monetarily by several investors.