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.
The CFO in the C-Suite is the Chief Financial Officer.
What was Donald Trump previous job before being elected as a president?
A businessman / a real estate developer
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
noun: cooling-off period(s);
2. a period of time after a sale contract is agreed during which the buyer can cancel the contract without incurring a penalty.
"the policy has a two week cooling-off period"
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?
Based on frequency lists compiled from books, newspapers, and everyday speech, "other" is the most common adjective in the English language.
It is followed closely by descriptive and comparative words like "new," "good," "high," and "old".
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?
The third most-traded currency globally is the Japanese yen (JPY).
What does "learn the ropes" mean?
To "learn the ropes" is a common idiom that means to learn the basic procedures, skills, and routines required to do a particular job or task properly.
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
Business-savvy
Being business-savvy (also known asbusiness sense) refers to an intuitive grasp of how markets, operations, and the bottom line work.
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?
NVIDIA , Alphabet (Google), Apple, Microsoft, Amazon.
NVIDIA – Market cap of over $5.2 trillion.
Alphabet (Google) – Market cap of over $4.5 trillion.
Apple – Market cap of over $4.4 trillion.
Microsoft – Market cap of over $3.1 trillion.
Amazon – Market cap of over $2.6 trillion.
Market cap - https://companiesmarketcap.com/
In the BCG Matrix (or Growth-Share Matrix) is a strategic portfolio tool developed by the Boston Consulting Group in the 1970s, 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 you'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?
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.