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Questions
Business Vocabulary
Trade
Multilateral trade agreements serve the interests of today's global production system in a way that the alternative - a ..... system of bilateral agreements - does not.
a
factional
b
fractional
c
fragmentary
d
fragmented
Information technology and logistics help dissect the value-added process into ..... parts, with factories, locations and countries assigned for each stage according to their competitive advantage.
complementary
component
composite
connective
Of particular concern are 'rules of origin', which define where a product is made and determine what kind of market ..... it will have.
access
activity
life
share
The success of openness depends on whether firms can adjust quickly to the new conditions ..... by international competition.
imposed
impressed
influenced
informed
According to a University of Michigan study, the average U.S. family of four still ..... to gain an estimated $7,800 per year if there were total elimination of global barriers to trade in goods and services.
aims
hopes
is
stands
Being outside a union is a risky business, as unions control much of labour regulation; though any form of ..... against non-unionized employees is against the law, it can be hidden by employers acting together with unions.
derogation
discrimination
ostracization
segregation
Unionization rates in the service sector are significantly lower than in industry, at least among blue-collar workers; still, they ..... around 70 per cent, a figure that is high enough not to cause serious union worry.
hover
idle
sidle
quiver
Atypical work has ..... and now accounts for some 30 to 35 per cent of total employment; however, atypical employees are unionized to the same extent as others, perhaps slightly more so.
bloomed
blossomed
flowered
mushroomed
Banking institutions will likely be ..... on more bandages and plasters in order to keep their processes functioning.
ironing
layering
strapping
veneering
Increased understanding by everyone who is involved of ..... operational processes is most important.
back-to-front
end-to-end
head-to-tail
right-to-left
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