Hello, my name is Malik. I have been studying Social Science - Commerce for three semesters. This program covers essential subjects for a business career like finance, business and mathematics. At the same time, it includes many complementary and mandatory courses including psychology, french, english and sports courses. After my last semester, I will take similar courses with a more specific view such as finance, introduction to marketing, statistics, management, operations management, human resources, financial and management accounting at the university of HEC Montreal. Unfortunately, the Bachelor of Business Administration program (B.B.A) is highly competitive, so it's going to be hard to secure a spot. However, if I am admitted, I will have the opportunity to complete internships with companies to build new skills in the career I am passionate about, which is entrepreneurship. If you are a student planning to pursue a career in administration at university, studying Social science - Commerce or simply interested in the business world, this is for you.
This glossary will help you understand usefull terms and words of your fild of study to help you understand concepts in classe. It features 20 terms and each words comes with a his definition, his part of speech, his pronunciation, his translation in french, an exemple and an image. I used my class notes to find the terms and I found the definitions on google. Finally, once you finish reading the glossary, try out the quiz to see if your really understood the terms.
Accounting
noun
The action or process of keeping financial accounts.
Example: Specifically, two independent variables were analyzed: ACCOUNTING data and attribute frames. This research proposed that attribute framing effects would be conditional on the nature of the ACCOUNTING data being considered.
en: comptabilité
Buying
verb
Obtain in exchange for payment.
Example: So Mira's afternoons were spent in an orgy of planning decor and BUYING furniture, rugs, draperies, lamps, pictures.
en: Acheter
Capital
noun
Anything that gives its owner value or advantage.
Example: From these results, the Waltham project seems clearly most attractive since it shows a relatively high NPV in relation to the size of the project and amount invested as an initial CAPITAL.
en: Capital
Cash Flow
noun
The movement of cash in and out of a business over a specific period.
Example: Life Span, Replacements & Terminal Value If the projects are found to have different life spans then conduct further analysis using either the 'equivalent annual CASH FLOW' method.
en: Flux de trésorerie
Commerce
Noun
The activity of buying and selling, especially on a large scale.
Example: These questions led us to think about the relationship between the public world of politics, government, industry and COMMERCE, and the private world of the family, kinship and domestic arrangements.
en: Commerce
Company
noun
A commercial business.
Example: It also exerts effects in a COMPANY's approach to marketing and advertising.
en: Entreprise
Entrepreneurship
noun
The process of starting a business and taking on the risks associated with it.
Example: Understanding Enterprise, ENTREPRENEURSHIP and Small Business .
en: Entreprenariat
Finance
noun
The management of large amounts of money, especially by governments or large companies.
Example: Presbyterians retained a consciousness of their Scottish origins and came to have a significant presence in the local economy and FINANCE institutions, predominating in the North and East.
en: Finance
Income statement
noun
Shows a company's revenues, expenses and profitability over a period of time.
Example: The three main financial statements are the Balance Sheet, the Cash Flow statement, and the INCOME STATEMENT.
en: État des résultats
Leadership
noun
The action of leading a group of people or an organization.
Example: Thus, in order to survive and compete advantageously in this continuously changing environment, organisations have been trying to seek and develop effective LEADERSHIP, and leaders who can challenge the present conditions, adapt to the changes, and even create a better future are highly demanded.
en: Direction
Liquidity
noun
The ease with which an asset can be converted into cash.
Example: Talk to the corporate finance staff about the state of the company's LIQUIDITY.
en: Liquidité
Management
The process of dealing with or controlling things or people.
Example: However, it should be highlighted that fast-tracking also inherits a greater potential for an unexpected cost increase due to uncertainty in planning and MANAGEMENT
en: gestion
Margin
noun
The difference between the revenue from selling a good or service and its associated costs, expressed as a percentage.
Example: Also, through the open source policy with their partners, they would not charge for accessing to their licenses, together with the low price strategy, AMD come up with much lower product MARGIN (7% sometimes) (Kharif, 2002).
en: Marge
Marketing
noun
The activity or business of promoting and selling products or services, including market research and advertising.
Example: Advertising also plays a role in supporting other areas of MARKETING activity.
en: Commercialisation
Profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: The professional market was far larger allowing more potential PROFIT.
en: Profit
Revenue
noun
Income, especially when of a company or organization and of a substantial nature.
Example: However, there is a risk that managers may increase the use of activities that create costs in order to maximise sales REVENUE which might impact the profit centre's performance.
en: Revenu
Scalability
noun
The ability of a business to efficiently increase its output to meet growing demand without significant changes in cost or structure.
Example: These systems offer scalability of database size, but typically require a database administrator.
en: Évolutivité
Selling
verb
Give or hand over (something) in exchange for money.
Example: Last minute dot coms' packaging is more in the form of quality of service and the ease of use of the SELLING buying medium, these become attributes of the service which make the biggest impact on the consumer in advertising the company and their products.
en: Vendre
Stock
noun
The capital raised by a business or corporation through the issue and subscription of shares.
Example: It's not a good time to invest in the stock market.
en: Action
Target Market
noun
A specific group of customers a company aims to reach with its marketing and sales efforts.
Example: By understanding cultural differences, the marketing mix will better match the TARGET MARKET, messages will be received well and communication improved, leading to more effective international marketing.
