Lesson 7 (Nov 18) - Entrepreneurship, risk mitigation | Quizlet

visionary

a person with original ideas about what the future will or could be like

pragmatic

practical

impulsive

Acting or done without forethought

take risks

do something even though something bad might happen because of it

mitigate risk

reduce risk

spread risk

Principle of insurance that states that insurers should spread their insured risks over a large geographical area.

calculate risk

carefully considering the potential costs and benefits

entry strategy

A long-term plan for beginning and succeeding with a business in a new area.

just a reminder lest I forget

Just a reminder, in case I forget!

take it as read

accept sth as true without question

impair

to spoil something or make it weaker so that it is less effective:

abundant, ample

more than enough; plentiful

batch

A quantity of goods produced at one time

bulk

large amounts/ the largest part or most of something:

diminish

make or become less

equation

A mathematical sentence that contains an equals sign.

equidistant

equally distant

finite (adj)

having limits; lasting for a limited time

heap

a large collection of things thrown into a pile

immense

(adj.) very large or great; beyond ordinary means of measurement

meagre

very small or not enough

quantify

express or measure the quantity of

lump sum

a single payment made at a particular time

add up to

if separate amounts add up to a total amount, together they form that total; combine to produce a particular result or effect

break down

divide something such as a total amount into separate parts

build up

increase or make something increase; gradually develop; talk about someone or something in a very positive way so that people are impressed with them; make someone bigger, healthier and stronger, especially by making them eat more

buy off

give someone money so that they do not act against you

buy out

pay money to your business partner so that you can control all of a business you previously owned together

buy up

buy large amounts of something or all of it that is available

carry over

take something that you earn or are given in one year or period of time into the next one

clock up

reach a particular number or amount

club together

if people ..., each of them gives some money so all the money collected can be used to buy something

drum up

try to make people support you or buy something from you

mount up

get much larger

pay back

give someone the same amount of money that you borrowed from them

pay out

spend or pay money; especially a lot of money; provide money from an amount invested over a period of time

size up

think carefully and form an opinion about a person or a situation

take away

remove one number or quantity from another number or quantity

weigh down

make someone heavy and unable to move easily

cause problems for someone or make someone worried

a drop in the ocean

a very small amount that will not have much effect

break even

if a person or business breaks even, they neither make a profit nor lose money

fall short

not reach a particular level or to fail to achieve something you were trying to do

go halves

share the cost of something with someone so that you each pay 50%

it's as broad as it's long

used for saying that you cannot choose between two things or actions because they are equal

keep up with the Joneses

try to be as rich, successful, etc. as your neighbours

knee-high to a grasshopper

very small, because you were very young

line your pocket(s)

obtain money, especially by acting dishonestly

lock, stock, and barrel

including every part of a particular thing, situation, place, etc.

six of one and half a dozen of the other

used for saying that two things are equally good or bad

tidy sum/amount

large sum/amount