basis

Vocabulary Word

Definition

'Basis' refers to the fundamental or primary part or aspect of anything. It's like the heart of a matter or the core upon which something is established or based.

Examples in Different Contexts

In financial reporting, determining the value of assets requires a consistent basis. A CFO might assert, 'We must establish a fair basis for asset valuation to ensure transparency.'

Practice Scenarios

Business

Scenario:

Considering our financial objectives, it's crucial to decide what the main driving force behind our growth strategy should be.

Response:

I believe risk management is important, but could improving our financial strategy be the best basis for our business growth?

Creative

Scenario:

Your artwork truly embodies harmonious cohesion. Could you share insights into what shapes your creative process?

Response:

Indeed, for me, the interconnectedness of forms and colors is the basis of my work.