Wirtschaftsenglisch I - Globalisation Flashcards

A set of vocabulary flashcards covering small talk, the British education system, company structures, economic sectors, and the job application process based on the Globalisation lecture notes.

Champagne

A sparkling wine that only comes from the Champagne region of France.

Public schools

Private schools in Britain that can cost up to $20,000$ pounds per year per pupil.

State schools

British schools that are open to the public.

GCSE

General Certificate of Secondary Education; qualifications usually taken by school leavers at the age of $16$.

A-Levels

British school qualifications typically taken at the age of $18$.

Apprenticeship

A period of time spent learning a trade in a company and in a school, common in crafts such as plumbing or carpentry.

Undergraduate degree (Bachelor)

A university qualification, usually lasting $3$ years, taken straight after school.

Graduate degree (Master)

A university qualification, usually lasting $1-2$ years, taken after completing a bachelor degree.

Conglomerate

A large company, such as Virgin, that operates in several different sectors.

Globalisation

The process described as the shrinking of the business world.

SMEs

Small and medium-sized enterprises.

Headquarters

The main office of a company (the term is always used with an 's').

Subsidiaries

Smaller companies which belong to a 'mother' or original company.

Multinationals

Also known as global players; companies that market and sell products or services domestically and abroad.

Primary Sector

Industries that provide raw materials or commodities, including agriculture, mining, drilling, and fishing.

Secondary Sector

Industries that use raw materials to produce products, such as automobile production, textile production, and construction.

Tertiary Sector

The sector that provides services to customers (b2b or b2c), including retail, banking, and healthcare.

Quaternary Sector

The sector involved in intellectual development, including government, scientific research, and information technology.

CV (Curriculum Vitae)

Known as a Résumé in the US; a brief document describing a person’s educational and professional history.

Cover letter

A letter of introduction that accompanies a CV or job application.

Letter of motivation

A document explaining the reasons for applying for a specific post or course of study.

Letter of reference

A document written by someone else that explains an applicant's strengths.

Assessment centre

A place where further interviews and evaluations are conducted to help employers recruit the right candidate.

Psychometric test

A standardised examination used to measure a person's ability to learn or develop skills.

Work experience

A period of time spent with an employer, usually without pay, to learn about the requirements of employment.

Internship

A temporary position held usually by a student to gain experience in a specific field.