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Business Buzzwords
English villages
A well thought out strategy
Screaming guts
Greenhouse gas emissions
Israeli scientists
Dutch colonists
Online exchange
Jack Be Nimble
Illegal trading activities
A 'Non-institution'
Illegal profits
Animal markets
Corporate sleuths
Auditor's doubt
Tight curbs

Confidence in Christmas
The old days
A basket of goods
Investment leverage
Takeover remedy
Whiplash
Unregistered securities
Spin tour
Food stocks
China's mass media
Worst investments
Penny stock
Stale inventory
2007 market decline
Lost horizons
Platinum blonde
Odd auction
Taking delivery
Listed for destruction
The best valuator
The street goes nuts
Unethical investment
Phone rules
Compensation
Last increment bidding
Entrepreneurship
The US Mint
Consumer Credit
Asset-based Loans
Consumer Protection
Direct Sales
Dotcom Retail Stores
Consumer Behaviour
Retail Marketing
The Law of Agency
The Law of Contracts
Real Estate Brokers
Realtor Advertisement
Trade Multilateralism
Thinking to Export
Tourism after 9/11

Business buzzwords: Israeli scientists

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Home > Teaching Business English > Business English Lessons, Advanced Level # 171

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Imclone, the company best known for the insider-trading scandal that sent founder Samuel Waksal and domestic diva Martha Stewart to prison, received more bad news this week when a U.S. judge ruled that the patent for its only product was actually owned by three Israeli scientists.

Correct answer: (b) Imclone

Meaning of business term Imclone
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Today's stock market scandals are different because the main victims today are Main Street investors — everyone from parents saving for their children's college education to the firefighter saving for retirement to the elderly who don't have time to rebuild their nest egg.

Correct answer: (c) Main Street

Meaning of business term Main Street
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In another move towards making itself a financial center, north China's port city of Tianjin has applied to the State Council to establish an over-the-counter market rather than a third stock exchange for the Chinese mainland.

Correct answer: (d) over-the-counter

Meaning of business term over-the-counter
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From 1989, more share-buying opportunities were made available to the British public as a number of financial institutions demutualised; these windfall shares' for members of the societies offered instant cash or the opportunity to continue as a part owner of the newly public entity.

Correct answer: (d) windfall

Meaning of business term windfall
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Builders slammed on the brakes in August as housing starts sank to their lowest level in more than three years, and a drop in permits signaled more weakness ahead for the real estate market.

Correct answer: (d) starts

Meaning of business term starts
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Broker-dealers impliedly represent that they will deal fairly with their customers, and therefore unfair dealing is a breach of this implied representation and a violation of the antifraud provisions; this representation arises from the mere act of hanging up a sign and going into business, and therefore it is known as the 'shingle theory'.

Correct answer: (b) shingle

Meaning of business term shingle
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Nasdaq data indicate that 94% of the share volume from 4:00 p.m. to 4:15 p.m. resulted from after-hours transactions rather than runoff from the regular trading session.

Correct answer: (b) runoff

Meaning of business term runoff
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WPP CEO Sir Martin Sorrell has accused Rupert Murdoch of panic-buying internet companies because of falling ad revenues; he said it was intriguing to speculate why Mr Murdoch launched a multimillion-dollar internet shopping spree, and accused him of buying web operations willy-nilly.

Correct answer: (b) panic-buying

Meaning of business term panic-buying
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A third of first-time home buyers may cut their offer at the last minute, forcing the seller to take less or find a new buyer; "In total, 31% would consider 'gazundering', reflecting first-time buyers' new-found confidence in a slowing market," says a Yorkshire Bank.

Correct answer: (d) gazundering

Meaning of business term gazundering
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When Seagate Technology went public, the giant drivemaker took an important stand: unlike most initial public offerings, it declined to offer any friends-and-family shares, the coveted shares issuers and their bankers can quietly offer to whomever they choose.

Correct answer: (a) friends-and-family

Meaning of business term friends-and-family
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Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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