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

Created by

IELTS Minh Huong

teacher

Created by

IELTS Minh Huong

teacher

Make a Copy Download Cards

What does the term "effective" mean?

Efficient, successful, helpful

What is the meaning of "environmentally"?

Ecologically, globally, biologically, naturally

What does it mean to "out-compete"?

To be more successful than someone or something

What is the opposite of "the reverse"?

Contrary, opposite

What does "blame" mean?

Criticize, condemn

What does it mean to "ignore"?

Disregard, overlook, pay no attention to

Define "charity".

An organization that gives money, goods, or help to people who are poor, sick, etc.

What is meant by "profit-making"?

A profit-making organization or business makes a profit

What are "publicly owned companies"?

Businesses that are owned by many people who have bought shares in them

Who is a "shareholder"?

Someone who owns shares in a company or business

What does it mean to be "under obligation to"?

Duty, responsibility

Define "profit".

Income, revenue, return

What does "provided that" imply?

Used to say that something will only be possible if something else happens or is done

What does "legal" mean?

Lawful, permissible, authorized

What is meant by "means"?

Way, method

Define "director".

Manager, leader, boss

What does it mean to act "legally"?

Lawfully, officially, validly

What does it mean to be "liable"?

Accountable, legally responsible

What does the term "liable" mean?

Accountable, legally responsible

What is the definition of the term "term"?

Call, name, label

What does "breach" refer to in a legal context?

An action that breaks a law, rule, or agreement

Who is considered a "fiduciary"?

Someone responsible for the assets of others and must protect their interests by law

What does "responsibility" mean?

Duty, accountability

What does it mean to act "knowingly"?

Intentionally, deliberately, consciously

What does it mean to "sue" someone?

To make a legal claim against someone, especially for money, due to harm caused

What is the meaning of "minimum"?

Least, smallest, lowest

1 of 26

Description

Explore essential business and legal terminology, including definitions of effective, liability, fiduciary duties, and more. Enhance your knowledge of concepts like profit-making, shareholder responsibilities, and legal obligations.

Questions

Download Questions

1. What does the term 'effective' mean in the given context?

A Contrary, opposite B Efficient, successful, helpful C Criticize, condemn D Inefficient, unsuccessful, unhelpful

2. How is 'means' defined in the content?

A Lawful, permissible, authorized B Way, method C Accountable, legally responsible D Manager, leader, boss

3. What does 'director' signify in the given context?

A Way, method B Manager, leader, boss C Lawful, permissible, authorized D Income, revenue, return

4. What does 'liable' mean according to the content?

A Accountable, legally responsible B Way, method C Manager, leader, boss D Lawful, permissible, authorized

5. What does the term 'term' mean in the given context?

A Efficient, successful, helpful B Call, name, label C Duty, accountability D Contrary, opposite

6. What is the meaning of 'breach' according to the content?

A Intentionally, deliberately, consciously B Way, method C Someone who owns shares in a company or business D An action that breaks a law, rule, or agreement

7. Who is considered a 'fiduciary' in the given context?

A Manager, leader, boss B A business that makes a profit C Someone responsible for the assets of others and must protect their interests D An organization that gives money, goods, or help to people who are poor, sick etc.

8. What does 'responsibility' mean in the context provided?

A Contrary, opposite B Call, name, label C Duty, accountability D Lawful, permissible, authorized

9. How is 'knowingly' described in the content?

A Intentionally, deliberately, consciously B Income, revenue, return C Efficient, successful, helpful D Used to say that something will only be possible if something else happens or is done

10. What does the term 'sue' mean in the given context?

A To hire a lawyer for legal advice B To make a legal claim against someone for harm caused C To negotiate a contract with someone D To provide financial assistance to someone

11. What is the meaning of 'minimum' in the context provided?

A Average, median, middle B Most, largest, highest C Excessive, abundant, plentiful D Least, smallest, lowest

12. What does 'blame' mean in the given context?

A Praise, commend B Criticize, condemn C Ignore, overlook D Support, assist

13. What does 'ignore' signify in the given context?

A Disregard, overlook, pay no attention to B Emphasize, highlight C Acknowledge, recognize D Consider, evaluate

14. What does 'liable' mean according to the content?

A Accountable, legally responsible B Not responsible C Unaccountable D Free from responsibility

15. How is the term 'environmentally' described in the context?

A Disregard, overlook B Efficient, successful C Ecologically, globally, biologically, naturally D Criticize, condemn

16. What does 'out-compete' mean according to the content?

A To be more successful than someone or something B To disregard or overlook C To criticize or condemn D To be less successful than someone or something

17. In the context provided, what is the meaning of 'the reverse'?

A Contrary, opposite B Efficient, successful C Ecologically, globally D Criticize, condemn

18. What is the definition of 'charity' in the given content?

A Disregard, overlook B An organization that gives money, goods, or help to people who are poor, sick etc. C Contrary, opposite D To be more successful than someone or something

19. What is a 'profit-making' organization?

A An organization that gives money to the poor B A business that makes a profit C A company that does not generate revenue D A business owned by the government

20. Who is a 'shareholder'?

A Someone who owns shares in a company or business B An employee of a company C A person who manages a company D A customer of a business

21. What does 'publicly owned companies' mean?

A Companies owned by the government B Organizations that do not sell shares C Businesses owned by many people who have bought shares in them D Businesses owned by a single individual

22. What does 'under obligation to' imply?

A Lack of responsibility B Freedom from duties C Independence from obligations D Duty, responsibility

23. How is 'profit' defined in the context?

A Expense, cost, outlay B Charity, donation, aid C Income, revenue, return D Loss, deficit, debt

24. What does 'provided that' mean in the given context?

A Way, method B Used to say that something will only be possible if something else happens or is done C Lawful, permissible, authorized D Accountable, legally responsible

25. What is the meaning of 'legal' in the context provided?

A Income, revenue, return B Lawful, permissible, authorized C Way, method D Manager, leader, boss

Study Notes

Understanding Effectiveness, Charity, and Legal Accountability

This document synthesizes key concepts related to effectiveness, charity, competition, and legal accountability. It highlights the importance of these themes in various contexts, including business and social responsibility.

Definitions of Effectiveness

Effectiveness vs. Ineffectiveness: Effectiveness is the ability to achieve desired outcomes efficiently, while ineffectiveness indicates failure to meet goals.
Environmental Context: Recognizing ecological impacts is essential for sustainable practices and responsible decision-making.

Charity and Business Structures

Role of Charity: Charitable organizations provide essential support to vulnerable populations, focusing on helping those in need without profit motives.
Profit-Making Organizations: These entities prioritize generating income for owners or shareholders, contrasting with the altruistic nature of charities.
Publicly Owned Companies: These businesses allow shared ownership among multiple shareholders, promoting collective investment and accountability.

Legal Accountability and Responsibilities

Liability and Accountability: Liability refers to being legally responsible for actions, emphasizing the need for accountability in both personal and business contexts.
Breach of Duty: A breach occurs when an individual fails to uphold legal or ethical obligations, leading to potential legal consequences.
Fiduciary Responsibility: Fiduciaries are entrusted with managing another party's assets and must act in their best interest, highlighting the importance of trust in financial relationships.

Key Takeaways

Understanding effectiveness is crucial for evaluating success in various endeavors, including business and charitable efforts.
The distinction between charity and profit-making organizations underscores different motivations and responsibilities in society.
Legal accountability, including concepts like liability and fiduciary duty, is essential for maintaining ethical standards in both personal and professional actions.