Financial Management and Business Terms

Study Notes

Lump sum: a single payment made at one time, instead of multiple smaller payments.

Make ends meet: managing one's finances so that income is enough to cover expenses.
Weigh options: considering different choices carefully before making a decision.
Voice a concern: expressing worry or unease about something.

Pilot: testing or trialing something on a small scale before full implementation.

Looming: something appearing to be large and threatening, often used to describe something approaching or impending.
Idleness: the state of being inactive or not engaged in any activity.

Despite/In spite of: used to indicate that something happens or is true even though there is something that might prevent it.

Idleness refers to a state of being inactive or not engaged in any activity.
Automation is the use of technology to perform tasks without human intervention.
Necessity is something that is essential or required.
To voice a concern means to express worry or unease about something.
To qualify means to meet the necessary requirements or criteria for something.
Despite or In spite of indicates that something happens or is true even though there is something that might prevent it.
Decline can have two meanings: to become lower, fewer, or less, or to refuse an offer or request.