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Test your vocabulary, listening or reading skills with the quizzes below.
Vocabulary Quiz
distribution • operation • like-minded
skill set • altruism
  1. Bill Gates is now famous for as well as business.
  2. The Internet has allowed for the of information around the world.
  3. Signing and dancing are also part of her .
  4. People with similar tastes in music are .
  5. He runs a small insurance .
Comprehension Quiz
Answer the following questions about the interview.

You can check out Dan's two podcasts here:

lifestyle business podcast
website | iTunes page

TropicalMBA
website | iTunes page

Talk #2 Business Basics

Dan Andrews from the Lifestye Business Podcast talks about running a small-sized business.

  • Transcript
  • Vocabulary
notes
Vocabulary Notes: Below are key words related to the audio conversation. You can download the audio for offline study by right clicking and saving them to your computer.

distribution

We deal with distribution and sales in the Pacific Rim.

Distribution refers to moving something from one person to another. Notice the following:

  1. FedEx has a refined distribution network.
  2. The goverment wants a more equal distribution of wealth.

operation

How large is your operation?

We word "operation" can refer to a process of doing business. Notice the following:

  1. This is a nice litte operation you have going here.
  2. Importing in Asia can be a complex operation.

like-mind

How do you meet like minds?

People who are like-minded have similar viewpoints and interests.

altruism

I really love about the internet is that it rewards altruism.

When someone is altruistic, they do things to help people without expecting to be rewarded for their action. Notice the following:

  1. You should also report some acts of altruism on a resume.
  2. He is rich but very altruistic. He operates several charities for the poor.

enterprise

That company is a medium-size enterprise.

The word "enterprise" can mean business or company. Notice the following:

  1. His company is a fairly large enterprise.
  2. Usually the larger the enterprise, the greater the disorganization.

skill set

You can help people with your skill set

A skill set is a collection of skils a person can do. Notice the following:

  1. Because of his military service, he has a wide skill set; he knows a lot about weapons, explosives, and first aid.
  2. Learning a language is a good way to expand your skill set.
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