Hoofdstuk 7
Retirement (to retire) = pensioen
Demotion (to demote) = move to a less senior job
Layoff (collective layoff) = someone’s contract is being terminated
Dismissal (to dismiss) = ontslaan
Terminated/fired/sacked/given the sack
Forced to leave the company
Career path how your career is going
Work your way up the career ladder = getting promotion
To leave the company you can resign/hand in your notice
Restructering = change the structure of the organization
Become flatter and leaner = less layers and fewer, more productive employees
Company hierarchy
Downsizing = less employees
Delayering = less/fewer layers = flatter
Increasing efficiency and profits
Hoofdstuk 18
Mass production = producing large numbers of similar products
Standardization = standaardisatie = cheaper
Custom built/tailor made = each product is made to meet the specifications,
requirements or needs of a particular customer more expensive
Mass customization = products made in large quantities, but each one is made to
the specifications of the buyer (Dell computers)
Wikinomics = form of mass collaboration
Mass collaboration = where companies have large numbers of people working
together on the Internet to solve problems and develop products.
Prosumers = work together to make things in a process of peer collaboration and
co-creation.
The long tail = NOT mass production, like books and music on the Internet
Mass production = the costs of a product comes down in relation to the amount
produced
Economics of scale = mass production
Learning curve = mass production
Benchmarking = comparing performance levels to other producers
Industrial secrets = information about its better performance in a particular area
Hoofdstuk 29
Order/to place an order = when you ask to buy something
Dispatched/shipped/transported = distributed
Invoice = a document asking for payment for something and showing the amount
to paying
Invoicing/billing = producing invoices and sending them to customers
Chase an invoice = someone asks for payment because it has not been paid on
time
Settle an invoice = paying it
Trade credit = a period of time, 30-60 days usually, before they have to pay
Discount = a reduction in the amount they have to pay
To pay upfront = paying before you receive the goods
Credit policy with payment terms = rules on when and how customers should pay
Controlling the cashflow = the timing of payments coming into and going out of
the business
Accounts = customers
Key accounts = most important customers
, People who owe you money = debtors
People who you have to pay = creditors
Bad debts = people who will probably never pay you
Write off = deciding not to chase debtors anymore
Customers to pay me = accounts receivable
Suppliers you have to pay = accounts payable
Hoofdstuk 30
Assests = bezittingen
Current assets = money in the bank, investments that can easily be turned into
money, money that customers owe, stock of goods that are going to be sold
Fixed assets = equipment, machinery, buildings, land
Intangible assets = goodwill (reputation) and brands (merken)
Depreciation (to depreciate) = afschrijven
Amortization (to amortize) = afschrijven
A charge = the value of the equipment is reduced or written down
Write off = it is written off completely (no value anymore)
Book value = the value of an asset at a particular time
Liabilities = debts to suppliers, lenders, tax authorities etc.
Current liabilities = debts that have to be payed in a year
Long term liabilities = debts that have to be payed in over a year
Balance sheet = a picture of its assets and liabilities at a particular time. Usually
the end of the 12-month period of its financial year.
Hoofdstuk 31
Accountant = look at the financial records of a lot of companies
Accountancy firm = accountancy bureau
Financial record/accounts = rekeningen
Bookkeepers = people who work under the accountants of a company
Auditors = specialist outside accountants who check a business’s account at the
end of a particular period to see if they give a true and fair view.
Creative accounting/window dressing = when a company’s result are presented
in a way that makes them look better than they really are.
Audits = controles/checks
Accountancy = BrE Accounting = AmE
Annual report = jaarlijks verslag
Profit and loss account = winst- en verliesrekening BrE
Income statement = winst- en verliesrekening AmE
Makes a profit/loss= winst of verlies maken
Accounting standards/rules = boekhoudkundige regels
Pre-tax profit/loss = winst/verlies voor belasting
Gross profit = brutowinst
Net profit = nettowinst
Earnings/profit = winst
Bottom line = final figure for profit/loss
In the red = makes a loss bleeding red ink
In the black = makes a profit
Business/financial/fiscal year = not necessarily from January till December
Hoofdstuk 32
Capital = the money that a company uses to operate and develop
To raise capital
Share capital = aandelenkapitaal
Loan capital = leningen
Retirement (to retire) = pensioen
Demotion (to demote) = move to a less senior job
Layoff (collective layoff) = someone’s contract is being terminated
Dismissal (to dismiss) = ontslaan
Terminated/fired/sacked/given the sack
Forced to leave the company
Career path how your career is going
Work your way up the career ladder = getting promotion
To leave the company you can resign/hand in your notice
Restructering = change the structure of the organization
Become flatter and leaner = less layers and fewer, more productive employees
Company hierarchy
Downsizing = less employees
Delayering = less/fewer layers = flatter
Increasing efficiency and profits
Hoofdstuk 18
Mass production = producing large numbers of similar products
Standardization = standaardisatie = cheaper
Custom built/tailor made = each product is made to meet the specifications,
requirements or needs of a particular customer more expensive
Mass customization = products made in large quantities, but each one is made to
the specifications of the buyer (Dell computers)
Wikinomics = form of mass collaboration
Mass collaboration = where companies have large numbers of people working
together on the Internet to solve problems and develop products.
Prosumers = work together to make things in a process of peer collaboration and
co-creation.
The long tail = NOT mass production, like books and music on the Internet
Mass production = the costs of a product comes down in relation to the amount
produced
Economics of scale = mass production
Learning curve = mass production
Benchmarking = comparing performance levels to other producers
Industrial secrets = information about its better performance in a particular area
Hoofdstuk 29
Order/to place an order = when you ask to buy something
Dispatched/shipped/transported = distributed
Invoice = a document asking for payment for something and showing the amount
to paying
Invoicing/billing = producing invoices and sending them to customers
Chase an invoice = someone asks for payment because it has not been paid on
time
Settle an invoice = paying it
Trade credit = a period of time, 30-60 days usually, before they have to pay
Discount = a reduction in the amount they have to pay
To pay upfront = paying before you receive the goods
Credit policy with payment terms = rules on when and how customers should pay
Controlling the cashflow = the timing of payments coming into and going out of
the business
Accounts = customers
Key accounts = most important customers
, People who owe you money = debtors
People who you have to pay = creditors
Bad debts = people who will probably never pay you
Write off = deciding not to chase debtors anymore
Customers to pay me = accounts receivable
Suppliers you have to pay = accounts payable
Hoofdstuk 30
Assests = bezittingen
Current assets = money in the bank, investments that can easily be turned into
money, money that customers owe, stock of goods that are going to be sold
Fixed assets = equipment, machinery, buildings, land
Intangible assets = goodwill (reputation) and brands (merken)
Depreciation (to depreciate) = afschrijven
Amortization (to amortize) = afschrijven
A charge = the value of the equipment is reduced or written down
Write off = it is written off completely (no value anymore)
Book value = the value of an asset at a particular time
Liabilities = debts to suppliers, lenders, tax authorities etc.
Current liabilities = debts that have to be payed in a year
Long term liabilities = debts that have to be payed in over a year
Balance sheet = a picture of its assets and liabilities at a particular time. Usually
the end of the 12-month period of its financial year.
Hoofdstuk 31
Accountant = look at the financial records of a lot of companies
Accountancy firm = accountancy bureau
Financial record/accounts = rekeningen
Bookkeepers = people who work under the accountants of a company
Auditors = specialist outside accountants who check a business’s account at the
end of a particular period to see if they give a true and fair view.
Creative accounting/window dressing = when a company’s result are presented
in a way that makes them look better than they really are.
Audits = controles/checks
Accountancy = BrE Accounting = AmE
Annual report = jaarlijks verslag
Profit and loss account = winst- en verliesrekening BrE
Income statement = winst- en verliesrekening AmE
Makes a profit/loss= winst of verlies maken
Accounting standards/rules = boekhoudkundige regels
Pre-tax profit/loss = winst/verlies voor belasting
Gross profit = brutowinst
Net profit = nettowinst
Earnings/profit = winst
Bottom line = final figure for profit/loss
In the red = makes a loss bleeding red ink
In the black = makes a profit
Business/financial/fiscal year = not necessarily from January till December
Hoofdstuk 32
Capital = the money that a company uses to operate and develop
To raise capital
Share capital = aandelenkapitaal
Loan capital = leningen
