GMAT List 40 MBA Vocabulary – 57 Words

cash cow

a project that generates a continuous flow of money

segment

one of several parts that fit with others to make a whole

sector

a particular aspect of life or activity

subdivision

the act of subdividing

direct marketing

marketing via a promotion delivered directly to the individual prospective customer

Good Friday

Friday before Easter

Easter Sunday

the day on which the festival of Easter is celebrated

ascension

a movement upward

Thanksgiving Day

fourth Thursday in November in the United States

advent

arrival that has been awaited

leverage

the mechanical advantage gained by a machine on a fulcrum

paradigm

a standard or typical example

scale

an ordered reference standard

corporate finance

the financial activities of corporation

liquidity

the state in which a substance exhibits a readiness to flow

venture capital

wealth available for investment in new or speculative enterprises

exit

move out of or depart from

harvest

the gathering of a ripened crop

multiple

having or involving more than one part or entity

upside

the highest or uppermost side of anything

acquisition

something gained

benchmark

a surveyor’s mark on an object of predetermined position

incubator

apparatus consisting of a box designed to maintain a constant temperature by the use of a thermostat; used for chicks or premature infants

turnaround

time need to prepare a vessel or ship for a return trip

statistics

a branch of mathematics concerned with quantitative data

microeconomics

the branch of economics that studies the economy of consumers or households or individual firms

macroeconomics

the branch of economics that studies the overall working of a national economy

promotion

the act of raising in rank or position

intake

an opening through which fluid is admitted to a tube

track

a line or route along which something travels or moves

curriculum

an integrated course of academic studies

obligatory

required by compulsion or convention

mandatory

required by rule

optional

possible but not necessary; left to personal choice

elective

not compulsory

lecture

a speech that is open to the public

workshop

small workplace where handcrafts or manufacturing are done

seminar

a course offered for a small group of advanced students

balance sheet

a record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets

profit and loss

an account compiled at the end of an accounting period to show gross and net profit or loss

working capital

assets available for use in the production of further assets

shareholder

someone who holds shares of stock in a corporation

stakeholder

someone entrusted to hold the stakes for betting

orientation

the act of determining one’s position

insurance

protection against future loss

medical care

professional treatment for illness or injury

tournament

a competition in which contestants play a series of games

capital stock

the maximum number of shares authorized under the terms of a corporation’s articles of incorporation

economy of scale

the saving in cost of production that is due to mass production

exclusion principle

no two electrons or protons or neutrons in a given system can be in states characterized by the same set of quantum numbers

equilibrium

a stable situation in which forces cancel one another

game theory

(economics) a theory of competition stated in terms of gains and losses among opposing players

market economy

an economy that relies on market forces to determine prices

necessity

the condition of being essential or indispensable

oligopoly

a market in which a few producers control a commodity

property right

the legal right of ownership

subsidize

support through government grants
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