Popular Music & Business and Money – Key Vocabulary

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30 question-and-answer flashcards covering vocabulary on popular music, choir singing, and 28 core Business & Money expressions from pages 13-21 of the lecture notes.

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30 Terms

1
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What characterizes the genre known as "popular music"?

It is modern music listened to by the majority, featuring strong rhythms and simple melodies.

2
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Why might schools encourage children to sing in a choir?

Because singing in a choir lets them enjoy music by performing with a group in public or church settings.

3
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What does the expression "to take something into consideration / account" mean?

To remember or think about something when judging a situation.

4
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What does it mean "to break into a market"?

To enter a market that is difficult to penetrate due to high competition or barriers.

5
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If someone "keeps his word," what has he done?

He has upheld a promise and done what he said he would do.

6
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In business, what does it mean "to reach a consensus"?

To come to an agreement accepted by everyone involved.

7
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What is meant by "to make the most of something"?

To exploit or use something as effectively and fully as possible.

8
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When a company "goes out of business," what happens?

It stops operating permanently, usually because it has failed.

9
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Why do firms "do market research"?

To collect information about what consumers buy and why they choose those products.

10
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What are companies doing when they "make cutbacks"?

They are decreasing or reducing expenses, staff, or operations.

11
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Why must a firm "manage expectations"?

To prevent disappointment by setting realistic goals or outcomes in advance.

12
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What does it mean "to make a calculation" in business?

To assess a situation and estimate or predict the outcome.

13
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If a company "pays in arrears," when does it pay its suppliers?

Later than the agreed terms, after the goods or services have been received.

14
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What happens when you "buy at auction"?

You purchase an item at a public sale where bidders offer increasingly higher prices until the highest bid wins.

15
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What does it mean "to squander a chance or savings"?

To waste an opportunity or money without gaining any benefit.

16
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Define the business term "overhead cost."

Regular running costs such as rent, utilities, and wages needed to operate a business.

17
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What is "a takeover" in corporate language?

The act of gaining control of a company by buying most or all of its shares.

18
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How is "a merger" different from a takeover?

A merger joins two or more businesses into one new entity rather than one simply buying another.

19
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What problem is signaled by "a heavy workload"?

Employees have many tasks, often leading to stress or illness.

20
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What is "compensation" in an employment context?

Money paid to someone for injury or damage they have suffered.

21
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How is "revenue" defined for governments or companies?

The money received from taxes (government) or from sales and business activities (company).

22
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Who are "white-collar" workers?

Employees who work in offices rather than doing manual labor.

23
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Who are described as "blue-collar" workers?

People engaged in physical or manual labor, often in factories.

24
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What does it mean "to run your own business"?

To own and manage a company yourself.

25
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If someone "earns a living," what are they doing?

Making money to support themselves financially.

26
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How do companies "enhance their public image"?

By actions (e.g., charity donations) that make them appear more attractive to the public.

27
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What does it mean "to grow a business"?

To expand company operations, often by opening new locations or increasing scale.

28
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How does a firm "gain a competitive edge"?

By achieving an advantage over rivals, such as offering similar goods at lower prices or higher quality.

29
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Why might a company aim to "maximize profits"?

To increase earnings to the highest possible level.

30
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What does it mean "to conduct a business" in a particular way?

To operate or run the company following certain principles or methods, such as honesty.