English Language Tests-Intermediate level''''s archiveBusiness Buzzwords: Price Fixing pot

English Language Tests-Intermediate level's archive Business Buzzwords: Price Fixing 1.. Act in 1890, and most if not all states have comparable statutes prohibiting monopolistic conduc

English Language Tests-Intermediate level's archive

Business Buzzwords: Price Fixing

1 The US Congress passed the Sherman Act in

1890, and most if not all states have comparable statutes

prohibiting monopolistic conduct, price fixing agreements,

and other acts in restraint of trade having strictly local

impact

Antitrust

Guild

Oligopoly

Syndicate

2 Both parents in a household want to work fewer

hours, but that kind of cutback can mean jeopardizing

advancement, so usually one partner works to maintain a

career (usually the man) while the other parent scales

back the career to provide child care (usually the woman)

chav

dewk

dink

neet

3 The broker has to know when to accept a counterparty's

price quotation and get the trade done: there are times

when a broker just has to lift the offer or the bid,

particularly if the futures market is rocking and rolling — if

a glance at the board shows the numbers continually

changing, it's not the time to try to finesse the prices

hit

spot

strike

take

4 Known as 'the Oracle of Omaha', is Chairman of

Berkshire Hathaway and arguably the greatest investor of

all time; his wealth fluctuates with the performance of the

market, but for the last few years he has been reported to

be worth over $30 billion, making him the second richest

man in the world

Kenneth Thomson

Paul Allen

Sheldon Adelson

Warren Buffett

5 We can feast away on stocks that the big boys might

like but don't bother with since a few grams of profit won't

help them at all; our goal is to find the most promising

small companies that one day will grow large enough to

attract the investors

colossal

elephant

humongous

jumbo

6 Most 'sell-side' active management investment firms

produce long term excess returns of zero, blurred by a

short term noise band which is sometimes positive, and

sometimes negative; in George A Ackerlof's terms, these

firms are

bagmen

burglars

lemons

losers

7 Under normal operation environment, the price of

a stock on the HKE is determined by taking the median of

5 nominal prices in the last minute of the trading hours: the

system will take up 5 snapshots on the nominal prices at

15-second interval starting from 3:59:00 p.m

average

closing

opening

transaction

8 The effect is related to the weekend market

analysis performed by millions of investors and traders:

many people think 'linearly', and they believe in trends

Friday

Saturday

Sunday

Monday

9 The more drastic poison pill methods involve taking on

large debts that the acquiring company would have to pay

off; in rare cases, a company decides that it would rather

go out of business than be acquired, so they intentionally

rack up enough debt to force bankruptcy — this is known

as the Defense

Baghdad

Jonestown

New Orleans

Waco

10 Kellogg Company has a rich history of corporate

responsibility, a history that has grown and evolved to

meet the complexities of today's business world and the

challenges of a global society; our founder, W.K Kellogg,

sought to "invest my money in people", and that legacy

continues to guide our company and our people

communal

neighborhood

social

welfare