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
Define "overhead expenses" and give one example
Overhead expenses are other costs not related to labor, direct materials, or production. They represent more static costs and pertain to general business functions, such as paying accounting personnel and facility costs.
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, Opportunities, Threats
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
What are the 4 Ps when selling?
Product, Price, Place, Promotion
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
There are too ________ cars on the road during rush hour.
many
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 in English?
noun, pronoun, verb, adjective, adverb, preposition, conjunction, and interjection.