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
Who is the founder and executive chairman of Amazon?
Jeff Bezos
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
How many letters are in the English alphabet
26
Carl lives alone in ___ one-bedroom apartment.
a
an
the
no article
a
Referring to efforts to verify identity, suitability, and risk in a business relationship, the fintech abbreviation KYC stands for "know your WHAT?"
customer
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 SWOT analysis, which stands for Strengths, Weaknesses, ______, and Threats.
Opportunities
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 old is the English language?
Approx. 1400 years old.
Some people have difficulty understanding one another because they __________ differently.
communicate
communicated
have communicated
communicates
communicate
“Accounts receivable” is the money people owe your company, while “accounts ______” refers to the money that you owe to others.
Payable
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
If a product is a 'cash cow' for a company, what does it mean?
It provides a steady income or profit
What sound does a frog make according to the English language?
Ribbit
After years studying North America’s black bears in the …….. way, wildlife biologist Luke Robertson felt no closer to understanding the creatures.
straight
common
everyday
conventional
conventional
A form of self-regulation, where companies integrate social, environmental and ethical policies into their overall business strategy. Companies should take responsibility for their actions and take a proactive approach to having a minimal negative impact on the world.
Corporate social responsibility (CSR)
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 in English?
noun, pronoun, verb, adjective, adverb, preposition, conjunction, and interjection.