Business basics and vocabulary

What can be a condition for working at a company?

• lawsuit

• qualifications

• termination

• salary

What are the terms in a contract that if broken, result in the contract being considered breached?

• Stipulations

• Conditions

• Clauses

• Warranties

What do companies announce if they buy another company?

• Expansion

• Merger

• Acquisition

• Insolvency

What are you entitled to after a breach of contract?

• Wages

• Severance

• Liquidation

• Compensation

What does it mean if a company has limited liability?

• They are only responsible until the budget covers it

• They are responsible for things described in the contract

• They are not responsible for anything

• They are responsible for everything

When you do your taxes you have to ... your ...

• declare + assets

• announce + taxes

• agree + insurance

• announce + assets

When a company can't pay their debts, they announce ... and ... their assets.

• bankrupt + merge

• insolvency + liquidate

• incolvent + fire

• bankruptcy + declare

What do businesses share in a merger?

• Assets

• Liabilities

• Employees

• Customers

What is the legal term for settling a dispute in court?

• Acquisition

• Mediation

• Litigation

• Negotiation

What does GDPR stand for in the legal context?

• General Data Privacy Rights

• General Data Protection Regulations

• Global Data Privacy Rules

• Government Data Protection Requirements