1

2
Index
ANALYSIS BASED ON A SURVEY 7
ACCOUNTING: 9
ACTION: 10
ALIENATION: 10
ASSESSMENT: 10
ASSOCIATION: 10
ATTORNEY: 10
BACK OFFICE: 10
BACKGROUND: 10
BACKUP: 10
BALANCE OF PAYMENTS: 10
BANKRUPTCY: 11
BARTER: 11
BENCHMARK: 11
BENEFICIARY: 11
BILL OF EXCHANGE: 11
BILL: 11
BONUS: 11
BUDGET CYCLE: 11
BUDGETING: 12
BUSINESS NAME: 12
BUSINESS PLAN: 12
CAPITAL: 12
CAPITALISM: 12
CENTRALISM: 12
CHECK: 12
CIVIL ACTION: 12
CLAUSE: 13
COMMERCIALIZATION: 13
COMPANY NAME: 13
COMPANY: 13
COMPENSATION: 13
COMPLAINT: 13
COMPLEMENTARY GOODS: 13
CONCESSION 13

3
CONSUMER: 14
CONTRACT: 14
CONTROL: 14
CORPORATION: 14
COST: 14
CREDIT: 14
CREDITOR: 14
DEBIT: 15
DEFICIT: 15
DEMAND: 15
DEPOSIT: 15
DEPRECIATION: 15
DIRECTION 15
DISPOSAL: 15
DISPUTE: 15
DRAWER: 16
DUES 16
ECONOMETRICS 16
ECONOMY BUDGET 16
ECONOMY: 16
EFFECTIVENESS 16
EFFICIENCY 16
ENDORSE 16
EXPENDITURES 16
EXPENSES 17
EXPORT 17
FACTORS OF PRODUCTION 17
FINANCIAL COST 17
FINANCING 17
FREE GOODS: 17
GAIN: 18
GLOBALIZATION 18
GROSS PROFIT 18
GUARANTEE: 18
HERITAGE 18
HYPERINFLATION 18
IMPORTS 18

4
INCOME 18
INFLATION 19
INNOVATION: 19
INSTITUTION: 19
INTERNATIONAL ECONOMY 19
JOB DESCRIPTION: 19
JOB VACANCIES: 19
LETTER OF CREDIT: 19
LOAN 20
MACROECONOMY 20
MARKET 20
MAXIMIZATION 20
MICROECONOMICS 20
MIXED ECONOMY 20
MONEY 21
MULTILATERAL TRADE: 21
NET EARNINGS 21
NOTARY: 21
OFFER 21
ORGANIZATIONAL DEVELOPMENT: 21
OUTSOURCING 21
PATENT: 21
POLITICAL ECONOMY 22
POWER OF ATTORNEY: 22
PRIVATE BUSINESSES 22
PRIVATIZATION: 22
PRODUCTIVITY: 22
PROMISSORY NOTE: 22
PUBLIC ENTERPRISES 22
QUALITY OF LIFE: 22
REDISCOUNT 23
REGISTRATION: 23
REPEAL: 23
RETIREMENT 23
RIGHT: 23
SALARY: 23
SCARCE GOODS: 23

5
SEIZURE: 23
STAGFLATION: 23
STRATEGIC PLANNING: 24
TAX CREDITS: 24
TAXES: 24
TRADEMARK: 24
UNEMPLOYMENT: 24
CONCLUSION 24
BIBLIOGRAPHY 25

6
INTRODUCTION
At the Technological Institute of Veracruz, an investigation was carried out based on the statistics
from passing and failing students for the required English to Spanish academic translation exam
according to the degree they studied. Administration students were the most failing ones.
This investigation led to the creation of a glossary of technical terms in administration, made with
the intention of helping students to know the correct translation for technicalities from their
degree. Hopefully, using this tool will increase the possibility of passing their final English exam.
The compilation of technical words was collected from January to December, 2018. Administration
exams provided the following words students recurrently translated incorrectly.

7
ANALYSIS BASED ON A SURVEY
Failing students’ rate for all the bachelor’s degrees at the ITVER.

8
 ---Bachelor’s Degrees---
Analysis that lists the most difficult words to be translated by business administration students.

The most complicated words to understand according to ITVER exams.

1. Budget cycle
2. Budgeting

9
 3. Complementary goods
4. Dues
5. Economy budget
6. Expenditures
7. Gross profit
8. Job vacancies
9. Scarce goods
10.Stagflation
11.Tax credits
12.Taxes
13.Unemployment

ACCOUNTING:
“CONTABILIDAD”

The skill or activity of keeping records of the money a person or organization earns and spends. The work of
preparing the financial records of people, companies, or organizations.

10
ACTION:
“ACCIÓN”
Is a furniture value representative of the capital contribution made to a commercial company as a partner.

ALIENATION:
“ENAJENACIÓN”
Legal act of transmitting to other persons the right to a thing that belongs to us.

ASSESSMENT:
“GRAVAMEN”

Procedure used by government assessors to determine the value of a property, or the income of a person or
entity, to charge taxes or to levy on the orders of a court.

ASSOCIATION:
“ASOCIACIÓN”
Grouping governed by the will of its members and whose purpose is the granting of nonprofit common
objectives.

ATTORNEY:
“PROCURADOR”
The person who by the power received from another, acts in his name and representation.

BACK OFFICE:
“LABORES ADMINISTRATIVAS”
An office or center in which the administrative work of a business is carried out, as opposed to its dealings
with customers.

BACKGROUND:
“FONDO”
The area or scenery behind the main object of contemplation, especially when perceived as a framework for
it.

BACKUP:
“RESPALDO”
The procedure for making extra copies of data in case the original is lost or damaged.

BALANCE OF PAYMENTS:
The balance of payments is a statement of all transactions made between entities in one country and the
rest of the world over a defined period, such as a quarter or a year.

11
BANKRUPTCY:
“QUIEBRA”
It ended by designating the situation in which companies may find themselves when they cannot meet their
payment commitments because they are in a definitive insolvency state. The application for bankruptcy may
be filed by the company itself or by some creditor.

BARTER:
“TRUEQUE”
Trading in which goods or services are exchanged without the use of cash. Resorted-to usually in times of
high inflation or tight money, barter is now a common form of trading in deals such as offers to buy surplus
goods in exchange for advertising space or time.

BENCHMARK:
“PUNTO DE REFERENCIA”
A standard or point of reference against which things may be compared or assessed.

BENEFICIARY:
“BENEFICIARIO”
Natural or legal person receiving compensation from the insurance company who, through an insurance
contract or policy.

BILL OF EXCHANGE:
“LETRA DE CAMBIO”
Commercial document issued by a person drawer who orders to pay to another one drawer a certain sum of
money to the order of a third party drawer, at a specified date and place.

BILL:
“FACTURA”

A nonnegotiable commercial instrument issued by a seller to a buyer. It identifies both the trading parties
and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices
and discounts (if any), and delivery and payment terms. (Nouns: invoice, bill, commercial invoice, sales
check, bun)

BONUS:
“SOBRESUELDO”

Money that is charged or paid in addition to the fixed salary, generally for having performed a job or a
complementary service.

BUDGET CYCLE:
“CICLO PRESUPUESTARIO”

12
Refers to the life of a budget from creation to evaluation. Although small businesses might not use the term
“budget cycle,” they use the process when they painstakingly work through the steps required to build and
implement a budget. The budgeting process progresses in stages as plans are made, funds are allocated, and
new information leads to revisions.

BUDGETING:
“PRESUPUESTACIÓN”

Process of expressing quantified resource requirements (amount of capital, amount of material, number of
people) into time-phased goals and milestones.

BUSINESS NAME:
“RAZÓN SOCIAL”
A name that designates the name adopted by the commercial enterprises to distinguish them from the
competitors.

BUSINESS PLAN:
“PLAN DE NEGOCIOS”
Master document of the company in which it is reflected in detail all the functionality of the same,
demarcating from the strategies and tactics to be developed, up to the company profile and the specific
development of each area of the company in the future. According to experts, it is the general radiography
of the company.

CAPITAL:
“CAPITAL”

Factors of production that are used to create goods or services and are not themselves in the process.

CAPITALISM:
“CAPITALISMO”

An economic, political, and social system in which property, business, and industry are privately owned,
directed towards making the greatest possible profits for successful organizations and people.

CENTRALISM:
“CENTRALISMO”

The principle or action of putting something under the control of one central place

CHECK:
“CHEQUE”
It is an order of payment at a glance, pure and simple that allows your drawer to withdraw for its own
benefit, or in that of a third person, the funds that it has available in the field.

CIVIL ACTION:
“ACCIÓN CIVIL”

13
The right of a person to legally claim his or her rights and conditions.

CLAUSE:
“CLÁUSULA”
Provision of a document amending or clarifying its general content.

COMMERCIALIZATION:
“COMERCIALIZACIÓN”

The process of making a product or service available for sale to the public.

COMPANY NAME:
“DENOMINACIÓN SOCIAL”
Social name or business name.

COMPANY:
“EMPRESA”

A voluntary association formed and organized to carry on a business. Types of companies include sole
proprietorship, partnership, limited liability, corporation, and public limited company. (Nous: company,
business, enterprise, firm, undertaking, venture, concern).

COMPENSATION:
“COMPENSACIÓN”

1. Employment: Sum of direct benefits (such as salary, allowances, bonus, commission) and indirect benefits
(such as insurance, pension plans, vacations) that an employee receives from an employer.

2. Legal: Amount of money a wrongdoer is required to pay to a victim (or the victim's beneficiary) as a
compensation for the damage or injury caused by his or her actions or inactions. Such damages vary with the
kind of damage or injury sustained by the victim.

COMPLAINT:
“QUERELLA”
A document instituting criminal proceedings, denouncing one or more punishable acts and requesting that
proceedings be initiated for their suppression.

COMPLEMENTARY GOODS:
“BIEN COMPLEMENTARIO”

It is a product that is consumed along with some other product.

CONCESSION
“CONCESIÓN”
Is a grant of rights, land or property by a government, local authority, corporation, individual or other legal
entity.

14
CONSUMER:
“CONSUMIDOR”

Person or entity that is a recipient of a good or service provided by a seller under a purchase order or
contract of sale. Also called buyer.

CONTRACT:
“CONTRATO”
Agreement or agreement between two or more parties, therefore a series of rights and obligations are
established between the contracting parties.

CONTROL:
“CONTROL”

A management function aimed at achieving defined goals within an established time.

CORPORATION:
“CORPORACIÓN”
Group of persons who pursue the realization of a slim goal of collective interest to which the law grants legal
personality of their own.

COST:
“COSTO”

An amount that has to be paid. In business, cost is usually a monetary valuation of effort, material,
resources, time and utilities consumed, risks incurred, and opportunity forgone in production and delivery of
a good or service.

CREDIT:
“CRÉDITO”

1. Accounting: An entry on the right-hand side of an account record in double entry bookkeeping. It has the
effect of decreasing an asset or expense account, or of increasing a capital, liability, or revenue account. See
also debit.

2. Banking: Purchasing power created by banks through lending based on fractional reserve system.

3. Commerce: An agreement based largely on trust under which goods, services, or money is exchanged
against a promise to pay later. Also called commercial credit.

4. Short form of the term letter of credit.

CREDITOR:
“ACREEDOR”
Holder of a right of credit. The one who has the right to demand something, especially the payment of a
debt, or to demand the fulfillment of some obligation.

15
DEBIT:
“DÉBITO”

In double-entry bookkeeping, entry on the left-hand side of an account record. It has the effect of decreasing
a capital, liability, or revenue account, or of increasing an asset or expense account.

DEFICIT:
“DÉFICIT”

Is the shortage, impairment or deficiency of something that is needed or considered essential. The term can
be applied to different products or goods, from food to money. It is used mainly in a commercial context, in
the field of companies and States.

DEMAND:
“DEMANDA”

Desire for certain good or service supported by the capacity to purchase it. The aggregate quantity of a
product or service estimated to be bought at a particular price. The total amount of funds which individuals
or organizations want to commit for spending on goods or services over a specific period.

DEPOSIT:
“DEPÓSITO”

Deposit is a term that allows to name the action and effect of depositing (delivering, entrusting, enclosing or
protecting assets or objects of value). The deposit consists, in general, of placing said assets in the custody of
a person or an organization.

DEPRECIATION:
“DEPRECIACIÓN”

Depreciation is a decrease in the value or price of something. This fall can be detected from the comparison
with the value or the previous price, or in relation to other things of the same class.

​DIRECTION
“DIRECCIÓN”
Managerial and leadership skills through which it is directed, and motivates the followers and members of
the company to achieve tasks relative to the managerial improvement.

DISPOSAL:
“DISPOSICIÓN”
Legal act of transmitting to other persons the right to a thing that belongs to us.

DISPUTE:
“LITIGIO”
Lawsuit.

16
DRAWER:
“LIBRADOR”
It is a person or entity whose charge is turned to a bill of exchange.

DUES
“CUOTAS”

It is a fixed and proportional part of something. The concept is often used to name the amount of money
that is paid regularly to a club, association, etc.

ECONOMETRICS
“ECONOMETRÍA”

Application of statistical methods to the study of economics.

ECONOMY BUDGET
“ECONOMÍA PRESUPUESTARIA”

It is the authorized expense not exercised, or the remainder of unearned resources during the period of
validity of the budget.

ECONOMY:
“ECONOMÍA”

Science that studies the resources, the creation of wealth and the production, distribution and consumption
of goods and services, to satisfy human needs.

System of production, distribution, trade and consumption of goods and services of a society or a country.

EFFECTIVENESS
“EFICACIA”
It is the ability to be successful in selecting the most appropriate goals and tasks according to the goals of the
organization.

EFFICIENCY
“EFICIENCIA”
It is the ability to have someone or something to get what we want determined.

ENDORSE
“ENDOSAR”

Yield in favor of another a bill of exchange or another credit document issued to the order, making it appear
in the backing or back.

EXPENDITURES
“EGRESOS”

17
 ​ ouns: spending, expenditure, expense, installment, instalment)
(N

An expenditure is a payment in cash or barter credits, or the incurrence of a liability by an entity, in exchange
for goods or services. Evidence of the documentation triggered by an expenditure is a sales receipt or an
invoice. Organizations tend to maintain tight controls over expenditures, to keep from incurring losses.

EXPENSES
“GASTOS”

(Nous: Expense, outgo, exes)

An expense is the reduction in value of an asset as it is used to generate revenue. If the underlying asset is to
be used over a long period of time, the expense takes the form of depreciation, and is charged ratably over
the useful life of the asset. If the expense is for an immediately consumed item, such as a salary, then it is
usually charged to expense as incurred. Common expenses are:

Cost of goods sold, Rent expense, Wages expense, and Utilities expense.

EXPORT
“EXPORTACIÓN”

The term export means sending of goods or services produced in one country to another country. The seller
of such goods and services is referred to as an exporter; the foreign buyer is referred to as an importer.

Export of goods often requires involvement of customs authorities. An export's counterpart is an import.

FACTORS OF PRODUCTION
“FACTORES DE PRODUCCIÓN”
They are considered basic: land, labor and capital.

FINANCIAL COST
“COSTO FINANCIERO”

Financial costs incorporate expenses that a company incurs through operations, from factory costs to
surcharges down the supply chain.

FINANCING
“FINANCIAMIENTO”

(Nouns: financing, funding)

Financing is the act of providing funds for business activities, making purchases or investing. Financial
institutions and banks are in the business of financing as they provide capital to businesses, consumers and
investors to help them achieve their goals. The use of financing is vital in any economic system, as it allows
companies to purchase products out of their immediate reach.

FREE GOODS:
“BIENES LIBRES”

18
A free good is a good with zero opportunity cost. This means it can be consumed in as much quantity as
needed without reducing its availability to others.

GAIN:
“GANANCIA”

An increase in profit, price, or value. (Nous: gain, profit, return, revenue, benefit, moneymaking).

GLOBALIZATION
“GLOBALIZACIÓN”
It is an economic, technological, political, social, entrepreneurial and cultural process on a global scale
consisting of the growing communication and interdependence among the different countries of the world
by uniting their markets, societies and cultures, through a series of social, economic and political
transformations that give them a global character.

GROSS PROFIT
“GANANCIAS BRUTAS”

The difference between revenue and the cost of producing goods or services sold. It is sometimes expressed
as a percentage.

GUARANTEE:
“AVAL”
An act whereby a person named guarantor is liable for payment of a bill of exchange or debt in the event
that it is not abandoned by the obliged.

HERITAGE
“PATRIMONIO”

● Something that has been or may be inherited by legal descent or succession.

● Any property, especially land, that devolves by right of inheritance.

HYPERINFLATION
“HIPERINFLACIÓN”

Hyperinflation is when the prices of goods and services rise more than 50 percent a month. The severity of
price increases distinguishes it from the other ​types of inflation​. For example, galloping inflation only sees
prices rise 10 percent or more a year.

IMPORTS
“IMPORTACIONES”

Imports are foreign goods and services bought by residents of a country. Residents include citizens,
businesses, and the government. It doesn't matter what the imports are or how they are sent. They can be
shipped, sent by email, or even hand-carried in personal luggage on a plane. If they are produced in a foreign
country and sold to domestic residents, they are imports.

19
INCOME
“INGRESO”

(Nous: Entrance, ingress, deposit, taking)

Income is money that an individual or business receives in exchange for providing a good or service or
through investing capital.

INFLATION
“INFLACIÓN”

A persistent, substantial rise in the general level of pricesrelated to an increase in the volume of money and r
esulting in theloss of value of currency.

INNOVATION:
“INNOVACIÓN”
Changes are made with the aim of improving the results and impact both at company level and at the
consumer or claimant of their goods and services. ​They are carried out in order to improve operational and
productive techniques, in such a way that the same (or greater) quantity of production is obtained with
higher quality using less resources. ​Some innovations lead to creations or improvements in something
already existing (inventions) or the incursion of something never before used (discoveries); all linked to
research.

INSTITUTION:
“INSTITUCIÓN”
Private association, usually, no profit motive.

INTERNATIONAL ECONOMY
“ECONOMÍA INTERNACIONAL”

Is concerned with the effects upon economic activity from international differences in productive resources
and consumer preferences and the international institutions that affect them. It seeks to explain the
patterns and consequences of transactions and interactions between the inhabitants of different countries,
including trade, investment and migration.

JOB DESCRIPTION:
“DESCRIPCIÓN DEL PUESTO”
Text that accurately describes all activities related to a job within each department or area of the
organization.

JOB VACANCIES:
“BOLSA DE TRABAJO”

Job vacancy statistics provide information on unmet labor demand. Information on job vacancies is used for
the analysis of the business cycle and the assessment of imbalances in labor markets.

20
LETTER OF CREDIT:
“CARTA DE CRÉDITO”

In a situation in which bonds, etc. are sold, a written promise by a bank to pay the lender if the borrower is
unable to do so.

LOAN
“PRÉSTAMO”

Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender)
to a borrower who promises to return it according to the terms of the agreement, usually with interest for its
use.

MACROECONOMY
“MACROECONOMÍA”

Study of the behavior of the whole (aggregate) economies or economic systems instead of the behavior or
individuals, individual firms, or markets (which is the domain of Microeconomics). Macroeconomics is
concerned primarily with the forecasting of national income, through the analysis of major economic factors
that show predictable patterns and trends, and of their influence on one another.

MARKET
“MERCADO”

An actual or nominal place where forces of demand and supply operate, and where buyers and sellers
interact (directly or through intermediaries) to trade goods, services, or contracts or instruments, for money
or barter.

MAXIMIZATION
“MAXIMIZACIÓN”

Choosing the alternative with the best or highest expected outcome, without regard to cost or expense. In
comparison, optimization means choosing the best cost-effective alternative. See also satisficing.

MICROECONOMICS
“MICROECONOMÍA”

Study of the economic behavior of individual units of an economy (such as a person, household, firm or
industry) and not of the aggregate economy (which is the domain of macroeconomics).

Microeconomics is primarily concerned with the factors that affect individual economic choices, the effect of
changes in these factors on the individual decision makers, how their choices are coordinated by markets,
and how prices and demand are determined in individual markets. The main subjects covered under
microeconomics include theory of demand, theory of the firm, and demand for labor and other factors of
production.

21
MIXED ECONOMY
“ECONOMÍA MIXTA”

An economic system in which both the private enterprise and a degree of state monopoly (usually in public
services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the
means of production are shared between the private and public sectors. Also called dual economy.

MONEY
“DINERO”

A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.

MULTILATERAL TRADE:
“COMERCIO MULTILATERAL”

Are commerce treaties between three or more nations.

NET EARNINGS
“GANANCIAS NETAS”

Net earnings represent the amount of ​sales​ ​revenue​ left over after all ​operating expenses​,
interest, ​taxes​ and preferred ​stock dividends​ (but not common stock dividends) have been deducted from a
company's total revenue.

NOTARY:
“NOTARIO”
Public official authorized to attest to the veracity of legal acts in accordance with the law.

OFFER
“OFERTA”

Voluntary but conditional promise submitted by a buyer or seller (offeror) to another (offeree) for
acceptance, and which becomes legally enforceable if accepted by the offeree. An offer (unlike a solicitation)
is a clear indication of the offeror´s willingness to enter into an agreement under specified terms and is made
in a manner that a reasonable person would understand its acceptance will result in a binding contract.
Offers normally include a closing date, otherwise a period of 30 days after the date of offer is commonly
assumed. See also bid and proposal.

ORGANIZATIONAL DEVELOPMENT:
“DESARROLLO ORGANIZACIONAL”
Linked to organizational culture, are the values, principles and social concepts of the group of people of the
organization, all these oriented to the basic operations and of change raised at the business level.

OUTSOURCING
“TERCIARIOS”
Is an agreement in which one company hires another company to be responsible for a planned or existing
activity that is or could be done internally.

22
PATENT:
“PATENTE”
It is a set of exclusive rights granted by a state to the inventor of a new product or technology, which may be
commercially exploited for a limited period of time in exchange for the disclosure of the invention.

POLITICAL ECONOMY
“ECONOMÍA POLÍTICA”

Political economy is the study of production and trade and their links with custom, government and law. It is
the study and use of how economic theory and methods influence and develop different social and
economic systems, such as ​capitalism​, ​socialism​ and ​communism​; it also analyzes how public policy is
created and implemented.

POWER OF ATTORNEY:
“PODER NOTARIAL”
Public writing in which a legal or natural person grants another power to act on his or her behalf may be
general or limited.

PRIVATE BUSINESSES
“EMPRESAS PRIVADAS”

A ​company​ that is not ​owned​ by the ​government​.

PRIVATIZATION:
“PRIVATIZACIÓN”
Process whereby a public or state owned organization passes to private property control. It is usually done
by selling the state enterprise to private capital.

PRODUCTIVITY:
“PRODUCTIVIDAD”
The level of efficiency and effectiveness that combined correctly provide results of improvements in the
company’s production.

PROMISSORY NOTE:
“PAGARÉ”
It is a document in which a person, who is at the same time a drawer, commits himself to pay to the order of
another, a certain amount of money on a certain date.

PUBLIC ENTERPRISES
“EMPRESAS PÚBLICAS”

Company whose shares are available and traded on the stock market or other over-the-counter market.
Subject to more regulation than a privately-owned company, a public enterprise has greater access to
financing. Shareholders own a percentage of the company based on the amount of stock they own.

23
QUALITY OF LIFE:
“CALIDAD DE VIDA”

It is a highly subjective measure of happiness that is an important component of many financial decisions.
Factors that play a role in quality of life vary according to personal preferences, but they often include
financial security, job satisfaction, family life, health and safety.

REDISCOUNT
“REDESCUENTO”

If a loan payment has already been reduced, a financial institution may reduce the payment amount further
to satisfy the loan quicker.

REGISTRATION:
“REGISTRO”
It is a book or device in which certain acts are recorded to record their performance.

REPEAL:
“DEROGACIÓN”
Act by which a provision is annulled. It can be expressed, if another law states it, if a later law is contrary.

RETIREMENT
“JUBILACIÓN”

Removal of an asset, equipment, property, or resource from service after its useful life, or following its sale.

The action or fact of leaving one's job and ceasing to work.

RIGHT:
“DERECHO”
Inviolable power to do or demand something.

SALARY:
“SALARIO/SUELDO”

Agreed-upon and regular compensation for employment that may be paid in any frequency but, in common
practice, is paid on monthly and not on hourly, daily, weekly, or piece-work basis.

SCARCE GOODS:
“BIENES ESCASOS”

Resource with limited availability but is high in demand. See also factors of production, economic goods.

24
SEIZURE:
“EMBARGO”
Is the retention, by order of the court, of the assets of a debtor until payment of his debts or the auction of
such assets for liquidation.

STAGFLATION:
“ESTANFLACIÓN”

Economic situation of a country that is characterized by an economic stagnation while the rise in prices and
wages persists.

STRATEGIC PLANNING:
“PLANEACIÓN ESTRATÉGICA”
Directly related to the business plan and other planned work structures, is a detailed process through which
the company’s leaders and managers express the new objectives to be met and how they will proceed to
achieve them at the end of a specific period of time.

TAX CREDITS:
“CRÉDITOS FISCALES”

They are the income that the State or its decentralized agencies have the right to receive.

TAXES:
“IMPUESTOS”

A tax is a tax paid to the state to support public expenditures. These mandatory payments are demanded by
both natural persons and legal persons.

TRADEMARK:
“MARCA REGISTRADA”
A symbol, word, or words legally registered or established by use as representing a company or product

UNEMPLOYMENT:
“DESEMPLEO”

Situation of the person who is able to work but

has no job or has lost it

25
CONCLUSION
In conclusion, it is very important to expand our vocabulary to express ourselves and understand the best
way when they talk about a specific topic; in this case a glossary was made related to the degree in
administration. There was research to define a large amount of vocabulary to help students have a greater
chance to learn and pass the final technical English to Spanish academic text translation exam.

BIBLIOGRAPHY

Cambridge Dictionary | English Dictionary, T. (2018). Cambridge Dictionary | English Dictionary, Translations
& Thesaurus. Retrieved from https://dictionary.cambridge.org/

Online Business Dictionary - BusinessDictionary.com. (2018). Retrieved from

http://www.businessdictionary.com/

UK Home | Investopedia. (2018). Retrieved from https://www.investopedia.com/

Your Business. (2018). Retrieved from https://yourbusiness.azcentral.com/

26