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Words Explained
Systematically
Systematically means doing things in a well-organized and planned way. It involves following a specific order or set of steps to ensure everything is done correctly and efficiently. For example, if you're studying for an exam, you might study one subject at a time, make notes, and review them in a structured manner, rather than just randomly going over everything.
Words Explained
Return on Investment
ROI (Return on Investment) is a way to measure how much money you make from an investment compared to how much you spent on it. It's like seeing if something you bought was worth the price. For example, if you spend $100 on materials to make and sell bracelets, and you make $200 from selling them, your ROI would be the profit ($200 - $100 = $100) divided by the cost ($100), which gives you an ROI of 1 or 100%. It shows how much return you got for the money you invested.
Words Explained
Empathetically
Means understanding and sharing the feelings of others. It's about putting yourself in someone else's shoes and trying to feel what they feel.
For example, if your friend is sad because they failed a test, and you listen to them, show you care, and try to understand how disappointed they must feel, you're responding empathetically. It's about being kind, supportive, and understanding towards others' emotions.
Words Explained
Inflation
Inflation is when the prices of goods and services go up over time, making money less valuable.
Imagine you have $10 and today it can buy you 10 candies. If inflation happens, in the future, those same 10 candies might cost $12 instead. So, your $10 would no longer be enough to buy them all. Inflation means you need more money to buy the same things as before.
Words Explained
Decisiveness
Decisiveness is the ability to make decisions quickly and confidently.
Think of it like being at a restaurant and knowing exactly what you want to order without hesitating. It means you can choose what to do without taking too long or doubting yourself, and you stick to your choice.
Words Explained
Encapsulates
Means to express or show the most important parts of something in a clear and concise way.
For example, if you read a long book and then tell your friend the main idea in just a few sentences, you have encapsulated the book. It’s like putting the essence of something into a small, easy-to-understand package.
Words Explained
Discrepancies
Discrepancies are differences or inconsistencies between two or more things that should be the same.
For example, if two people count the money in a cash register and one says there’s $50 while the other says there’s $45, there is a discrepancy. It means there’s a mismatch or conflict that needs to be resolved.
Words Explained
Contingency Plans
Contingency Plans are backup plans prepared in case things don't go as expected.
Imagine you're planning an outdoor picnic, but it might rain. Your contingency plan could be to move the picnic indoors if it starts raining. It's about being ready with an alternative plan to handle unexpected situations or problems.