Business Operations

7 words in this vocabulary list

noun a specific aspect or detail

adverb in a manner that covers all aspects or details

  • The new employee was exemplary in all respects, from punctuality to work ethic.
  • She aced the exam in all respects, even the tricky multiple-choice questions.
  • That party was lit in all respects - great music, awesome people, and free food!
  • The painting captured the essence of nature in all respects, from colors to textures.

noun financial obligations or debts of a company or individual

  • The company's balance sheet includes a detailed list of its assets and liabilities.
  • Make sure you understand your financial liabilities before making any big purchases.
  • I can't believe how many liabilities I have to deal with this month.
  • Emotional baggage can be seen as a type of liability in relationships.

noun the act of converting assets into cash

  • The company went into liquidation after failing to pay off its debts.
  • The store is having a huge sale because they're going into liquidation.
  • I heard that the business is going belly up and heading for liquidation.
  • After the breakup, she felt like her heart was in a state of liquidation.

verb to perform a function or action; to work in a particular way

  • The company must operate within the confines of the law at all times.
  • I'm not sure how to operate this new coffee machine.
  • Do you know how to operate this thingamajig?
  • She seems to operate on a different level of thinking than the rest of us.

noun a military or naval action, campaign, or mission

  • The hospital successfully completed the delicate surgical operation.
  • The doctors did a great job with the operation.
  • The surgery went smoothly, no hiccups during the operation.
  • The business merger was a complex operation that required careful planning.

noun a design or feature that makes something more efficient or effective

verb to make more efficient or effective by simplifying or reorganizing processes

  • The company implemented new software to streamline their production process.
  • We need to streamline our meeting agenda to make it more efficient.
  • Let's cut the unnecessary steps and streamline this project.
  • She decided to streamline her wardrobe by getting rid of clothes she never wore.

noun a situation in which the amount of goods or services produced is less than what is needed or expected

  • The underproduction of goods led to shortages in the market.
  • There wasn't enough stuff made, so now we're running low.
  • They didn't make enough, so now we're in a bind.
  • The underproduction of ideas stifled the creativity of the team.