Unit 19 Vocabulary: Budgets

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Adjective
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Adverse
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having a negative or harmful effect
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"Recent bad publicity had an adverse effect on the company's sales."
Adjective
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At their disposal
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available to be used by somebody
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"The company has millions of dollars at its disposal to fund new research."
Verb (infinitive)
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Carry out
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to perform or complete a job or activity
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"The IRS carried out an audit of the company as a result of errors in the accounts."
Verb (infinitive)
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Contrast
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to compare with and show differences
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"By contrasting this year's expenditures with last year's, we will see the main differences."
Verb (infinitive)
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Cover
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to deal with or to include something
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"You need to ensure that the report covers all possible costs."
Noun (thing)
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Cyclical pattern
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a trend which is repeated at intervals
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"Changes in the economy have followed a cyclical pattern."
Adjective
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Designated for
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stated as officially having a particular purpose
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"This building has been designated for the accounting team."
Verb (infinitive)
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Drawing up
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officially preparing a written document
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"The lawyers drew up the contract of sale."
Noun (thing)
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Dynamic budget
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a financial forecast which adapts to changes of one or more variables
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"Dynamic budgets have become more popular since it is increasingly difficult to precisely forecast sales volume."
Verb (infinitive)
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Eliminate
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to completely remove something which is not wanted
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"It is impossible to eliminate all risk in investment so you should seek advice on the safest options."
Verb (infinitive)
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Go ahead
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to continue or proceed
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"The meeting went ahead when John returned."
Verb (infinitive)
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Go over
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to look at in detail, to study
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"After going over the budget, it is clear that we will not meet our sales targets."
Proper noun (thing)
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Margin of safety
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the amount by which sales can decrease before a company becomes unprofitable
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"As our margin of safety is only 10,000, we need to look at ways of increasing sales."
Noun (thing)
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Marginal cost
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the cost of producing one more item as compared to the cost of producing all items
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"Marginal costs are generally relative to the amount of fixed costs."
Noun (thing)
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Omission
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the failure to include or do something
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"The omission of the depreciation cost for the year meant the budgeted figures were not correct."
Adjective
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On account of
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because of, due to
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"The company was closed on account of low sales and high costs."
Verb (infinitive)
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Ran into
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encountered unexpectedly
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"The company ran into financial problems when the exchange rate changed significantly."
Verb (infinitive)
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Referred to
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checked or consulted a source of information
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"I'm afraid that I do not know, I will need to refer to my manager for that answer."
Verb (infinitive)
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Set aside
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to save something for a special purpose
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"The management have been setting $500 a month aside for the staff party."
Verb (infinitive)
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Setting out
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arranging or preparing something for others to see or use
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"The CFO set out new regulations for payment processing."
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