Exam: BEC Vantage

Definition: Tasks that involve managing documents, such as reports, letters, and forms, often as part of a larger job.

Example: I spent the whole afternoon doing paperwork for the project.

Definition: A package or something that is wrapped up and sent to someone.

Example: I received a parcel in the mail today.

Definition: To divide something into smaller parts and distribute it, or to package something for delivery.

Example: She decided to parcel the cookies into smaller bags for the party.

Definition: A type of bet where the winnings from one wager are used to place additional bets, increasing the potential payout but also the risk.

Example: He decided to parlay his winnings from the first game into a bet on the next match.

Definition: To use an initial amount of money or resources to gain a larger amount, often by betting or investing in a series of events or opportunities.

Example: He decided to parlay his winnings from the poker game into a new business venture.

Definition: To work together with someone in a shared activity or project.

Example: They decided to partner on the new business venture.

Definition: A person who is closely associated with another in a relationship, business, or activity, often sharing responsibilities or goals.

Example: She is my partner in the dance competition.

Definition: To join or work together with someone in a shared activity or relationship.

Example: They decided to partner with a local charity for the event.

Definition: A type of agreement where two or more people or groups work together and share the profits and responsibilities of a business or project.

Example: The two companies formed a partnership to develop new technology.

Definition: Relating to money that is given or received for work or services.

Example: The pay rate for this job is higher than average.

Definition: Money that is given to someone for work they have done or for services they have provided.

Example: The pay for this job is higher than I expected.

Definition: To give money to someone for goods or services, or to settle a debt or obligation.

Example: I need to pay the rent by the end of the month.

Definition: The amount of money or benefit received as a result of a previous action or investment.

Example: The payback from the project was much higher than we expected.

Definition: A document that shows the amount of money an employer pays to an employee for their work, usually issued regularly.

Example: I received my paycheck in the mail today.

Definition: A specific day when employees receive their wages or salary.

Example: Many people look forward to payday because it means they can pay their bills and enjoy some leisure activities.

Definition: A level in a system that determines how much a person is paid, often based on their job responsibilities and experience.

Example: Employees are classified into different paygrades based on their roles and performance.