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

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