Business Terminology
In the C-Suite, the CEO is the Chief Executive Office, the COO is the Chief Operating Officer, and the CFO is the Chief ______ Officer.
Financial
What was Jeff Bezos previous job before creating Amazon?
Hedge funder/banker
You are in a business meeting negotiating a new contract with an important client. After hearing your price, they say ‘That’s a deal breaker for us’.
What do they mean?
They cannot accept your price
There are too ________ cars on the road during rush hour it causes a traffic____________
Many
Jam
Carl lives alone in ___ one-bedroom apartment.
a
an
the
no article
a
Define " cooling off period" and give one example
Cooling off period is the time you have to change your mind and return/cancel a sales agreement
In 2022, Elon Musk bought Twitter. For how much?
$44 Billion
Your boss tells you to ‘go the extra mile’ for a special client.
What do they mean?
You should give them more than they expected.
What is the most common adjective in the English language?
Good
As we drove through the darkness, we saw another car coming __________ the bend in the road.
through
under
over
around
around
One strategy for assessing business operations is using BCG matrix or the growth share matrix, which stands for ______, _______, ______,
Boston, Consulting, Group
The US Dollar and the European Euro are the two most-traded currencies globally. What is the third?
Japanese Yen
To ‘learn the ropes’ means what?
To learn how to do a new job
How many people in the world use English as their first language? Chose the correct answer from the list provided.
Approximately. 360-400 million, 700-950 million
More than 2 billion
Some people have difficulty understanding business because they are not__________ .
Business-ready
Business-savvy
Business-intelligents
communicate
In real estate, what does it mean to be 'Gazumped' ?
To refuse to sell a house that you own to someone you have agreed to sell it to, and to sell it instead to someone who offers to pay more for it: Sally's offer for the house has been accepted, but she's worried she might be gazumped.
What are the top five largest companies in the world by market cap (in order!)?
Bonus: what is the current approx. market cap of number 1?
Apple, Microsoft, Saudi Aramco, Alphabet (Google), Amazon.
Apple: $2.9 trillion
Microsoft: $2.75 trillion
In the BCG matrix, If a product is a 'Dog' for a company, what does it mean?
The product holds a low market share in a slow-growth market.
In other words, this is a products that breaks even=usually just brings you what yuou've invested-nothing more!
How do we call a baby goat in English?
a kid
How many consonants are there in the English alphabet?
There are 21 consonants in the English alphabet : B, C, D, F, G, H, J, K, L, M, N, P, Q, R, S, T, V, W, X, Y, Z.
Keep in mind that “Y” can sometimes function as a vowel (which is known as a semivowel).
What is the definition of "equity"?
the value of the shares issued by a company.
What is the common five-word business rule or maxim that has been attributed to consumer-focused entrepreneurs such as H. Gordon Selfridge and John Wanamaker?
The customer is always right
If a client asks you for a 'ballpark figure' for the cost of a service, what does it mean?
Bonus: where does this phrase originate from?
an estimate of what something might amount to numerically when a more accurate number is assessed
Bonus: Baseball. Back in the day, the commentator would estimate how many fans were in the seats and this became known as the "ballpark figure".
What is hippopotomonstrosesquipedaliophobia?
The fear of long words!
What are the 8 parts of speech (when expressing yourself) in the English language?
noun, pronoun, verb, adjective, adverb, preposition, conjunction, and interjection.