Paper 1 Terminology

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16 Terms

1

COVID-19 pandemic

global pandemic that broke out in late 2019, disrupting the global economy and daily operations

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2

credit card

physical cards that allow for people to purchase items with credit (given to people by banks with the promise of paying back credit monthly)

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3

freelancer

people who work without committing to a job or company long-term

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4

greenwashing

advertising or marketing that make a company’s practices/products seem more environmentally friendly than they really are

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5

interest

the charge for borrowing money that grows with time

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6

interest rate

amount of interest due for a specific time period

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7

landfill site

land that is used to hold trash

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8

line manager

someone who is directly responsible for managing a team or individuals that are a level below them in a company

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9

commercial

the act of doing something to receive a profit

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10

reservoir

natural or artificial places that hold water

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11

solar power

energy from the sun that gets converted to electricity

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12

permanent employees

employees that get paid by a company and are loyal to that company

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13

private limited company

a private company that is owned by few people who have limited liability

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14

public limited company

companies that have owners but also offer shares to the public

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15

environmental sustainability

striving to make responsible decisions that can positively impact the planet’s natural resources

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16

contract

an agreement between parties with all parties involved having to follow obligations

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