146. IELTS Minh Huong Vocabulary booster (Cambridge 15, test 1, reading 1)

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What is a new business activity that involves taking risks?

Venture

What term describes the purpose, goal, aim, objective, or duty of an organization?

Mission

What does it mean to be conscious, mindful, or cognizant?

Aware

What is the term for imagining, visualizing, or predicting future events?

Envision

What is the practical purpose for which a machine or idea can be used?

Application

What term refers to efforts aimed at improving living conditions and preventing unfair treatment of people?

Humanitarian

What is a part or segment of a larger system or organization called?

Sector

What does it mean to continue, ensue, or progress in an activity?

Proceed

What term describes an idea, plan, or method that can work successfully?

Viable

What phrase is used to indicate the most important part of a situation?

The bottom line

What does it mean to bear in mind or remember something?

Keep in mind

What term means to construct, establish, build, or found something?

Base

Who is the person with the highest rank in a company or organization?

Chief executive

What does it mean to collect money for a specific job or purpose?

Raise

What is the term for money provided by an organization for a specific purpose?

Funding

What phrase indicates the time period up until now?

So far

What term refers to an area of study or a specific topic?

Field

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Description

Explore essential business terminology including venture, mission, application, and funding. Gain insights into humanitarian efforts, viable strategies, and the importance of awareness in the business sector.

1. What does the term 'venture' primarily refer to?

A A non-profit organization B A guaranteed successful business C A routine business operation D A new business activity that involves taking risks

2. Which word is synonymous with 'mission'?

A Mistake B Coincidence C Purpose D Accident

3. What does it mean to be 'aware'?

A Indifferent B Conscious C Ignorant D Unconscious

4. What does the term 'field' refer to in a business context?

A Objective, goal B Area, topic C Funding, finance D Risk, challenge

5. What is the primary goal of a 'mission' in an organization?

A Risk, challenge B Funding, finance C Objective, duty D Area, topic

6. What does it mean to be 'unaware'?

A Conscious B Cognizant C Mindful D Unconscious

7. What is a 'venture' in the context of business?

A A new business activity that involves taking risks B A financial grant C A secure investment D A routine task

8. What does 'aware' mean in terms of personal understanding?

A Unconscious B Uncertain C Uninformed D Conscious, mindful, cognizant

9. How can the term 'envision' be best described?

A Dismiss B Forget C Ignore D Imagine

10. What is the primary focus of humanitarian efforts?

A Increasing political power B Improving bad living conditions and preventing unfair treatment C Maximizing profits D Expanding businesses

11. What does the term 'sector' refer to?

A Part, segment B A new business activity C Purpose D Conscious

12. What does the term 'proceed' mean?

A Part, segment B Continue, ensue, keep on, progress, go on C Bear in mind D Imagine

13. What does the term 'viable' describe?

A An idea, plan, or method that can work successfully B Conscious C Improving bad living conditions D A new business activity

14. What is meant by 'the bottom line'?

A Imagine B The most important part of a situation C Bear in mind D Purpose

15. What does 'keep in mind' mean?

A Bear in mind, remember, consider B Part, segment C A new business activity D Conscious

16. What does the term 'base' mean in a business context?

A Destroy, dismantle, demolish B Ignore, neglect, overlook C Construct, establish, build, found D Expand, grow, increase

17. Who is referred to as the 'chief executive'?

A The person with the highest rank in a company or an organization B A junior employee C A mid-level manager D A temporary consultant

18. What does it mean to 'raise' funds?

A To collect money that you can use to do a particular job or help people B To save money for personal use C To invest in stocks and bonds D To spend money on luxury items

19. What is 'funding' used for?

A Money that is provided by an organization for a particular purpose B Income from regular employment C Money saved for retirement D Personal savings for emergencies

20. What does 'so far' indicate in a timeline?

A Until now B At the beginning of time C In the distant future D After a long period

21. What does 'viable' describe in terms of ideas or plans?

A An idea, plan, or method that can work successfully B Unlikely to succeed C Impossible to achieve D Infeasible

22. What is the meaning of 'application' in a practical context?

A Practical purpose for which a machine, idea etc can be used B An abstract idea C A hypothetical scenario D A theoretical concept

23. What does the term 'envision' imply?

A Ignore B Forget C Dismiss D Visualize

24. What is the primary concern of humanitarian efforts?

A Increasing efficiency B Improving bad living conditions and preventing unfair treatment C Expanding market share D Maximizing profits

25. What does 'proceed' mean in terms of action?

A Halt B Cease C Stop D Continue, ensue, keep on, progress, go on

Study Notes

Summary of Key Concepts in Business and Humanitarian Efforts

This document synthesizes key concepts related to business ventures, organizational missions, and humanitarian efforts. It emphasizes the importance of risk-taking, awareness, and practical application in achieving goals and improving lives.

Main Topic 1: Business Ventures and Organizational Purpose

  • Venture and Risk: A venture involves new business activities that require innovation and a willingness to take calculated risks to explore opportunities.
  • Mission and Purpose: An organization’s mission defines its goals and guides actions, ensuring purposeful decision-making aligned with its objectives.

Main Topic 2: Awareness and Future Planning

  • Mindfulness and Awareness: Being aware of one’s surroundings is crucial for making informed choices and understanding the context of decisions.
  • Envisioning Future Possibilities: The ability to envision future scenarios is essential for strategic planning and setting achievable goals.

Main Topic 3: Practical Application and Humanitarian Efforts

  • Application of Ideas: Effective application of concepts is vital for turning theoretical knowledge into practical solutions, particularly in humanitarian contexts aimed at improving living conditions.
  • Humanitarian Focus: Humanitarian efforts prioritize compassion and social justice, aiming to enhance living conditions and prevent injustice.

Main Topic 4: Decision-Making and Viability

  • Viability of Ideas: Understanding what constitutes a viable plan is crucial for successful outcomes, emphasizing practicality in decision-making.
  • Key Messages and Considerations: Recognizing the "bottom line" helps clarify priorities, while keeping important factors in mind leads to better decision-making.

Key Takeaways

  1. Ventures require a balance of risk-taking and strategic planning to succeed.
  2. A clear mission is essential for guiding organizational actions toward meaningful goals.
  3. Awareness and mindfulness enhance decision-making processes, leading to more effective outcomes in both business and humanitarian efforts.