Exam: BEC Vantage

Definition: To spend money freely or extravagantly, often on things that are not necessary.

Example: After saving for months, she decided to splurge on a new laptop.

Definition: A spending spree or an occasion when someone spends a lot of money on something special or luxurious.

Example: After saving for months, she decided to go on a splurge and buy herself a new designer handbag.

Definition: To spend a lot of money on something, often more than you need or planned to.

Example: After saving for months, I decided to splurge on a new laptop.

Definition: A person, often a model or celebrity, who promotes a product or brand by appearing in advertisements and public events.

Example: The company hired a famous actress as their new spokesmodel to attract more customers.

Definition: A person or organization that provides financial support for a project or event, often in exchange for advertising or recognition.

Example: The local business decided to be a sponsor for the community festival.

Definition: To support or provide financial assistance for an event, activity, or individual, often in exchange for advertising or recognition.

Example: The company decided to sponsor the local sports team this season.

Definition: The support or help given by a person or organization to another person or organization, often in exchange for advertising or promotion.

Example: The event received significant sponsorship from local businesses.

Definition: A tool, often a computer program, that organizes data in rows and columns, making it easy to perform calculations and analyze information.

Example: I used a spreadsheet to track my monthly expenses and budget.

Definition: A situation where aircraft are waiting in the air at different heights before they can land, often due to traffic at the airport.

Example: The stackup of planes waiting to land caused delays at the airport.

Definition: A group of people who work together to support an organization or a leader, often in a professional setting.

Example: The staff at the hospital worked tirelessly to care for the patients.

Definition: To provide a group of people to work for an organization or to assist in a task.

Example: The company decided to staff the new project with experienced professionals.

Definition: Having employees or workers assigned to a place or organization.

Example: The restaurant is fully staffed for the weekend rush.

Definition: To provide a group of people to work in a place or organization.

Example: The new restaurant was fully staffed by the end of the week.

Definition: The process of hiring and managing employees for a company or organization.

Example: The staffing of the new project was completed ahead of schedule.

Definition: A person or group that has an interest or concern in a business or project, and can be affected by its outcomes.

Example: The company held a meeting to discuss the new policy with all stakeholders involved.