Terms

Question 1

BKPR

Answer 1

Bookeeper

Question 2

CAO

Answer 2

Chief accountant officer

Question 3

The section of the economy under government control

Answer 3

Public sector

Question 4

A company shared attitudes, beliefs, practices and work relationships

Answer 4

Corporate culture

Question 5

FOB

Answer 5

Free on board

Question 6

CEO

Answer 6

Chief executive officer

Question 7

CPA

Answer 7

Certified public accountant

Question 8

OC

Answer 8

Opportunity cost

Question 9

IPO

Answer 9

Initial public offering

Question 10

AD

Answer 10

Advertisement

Question 11

BDC

Answer 11

Business development cycle

Question 12

COD

Answer 12

Cash on delivery

Question 13

SP
USP

Answer 13

Selling point
Unique selling point

Question 14

COO
CMO
CIO
CTO
CFO

Answer 14

Chief operating officer
Chief marketing officer
Chief information officer
Chief technology officer
Chief financial officer

Question 15

AGT
HR
PR
QC
R&D
IT

Answer 15

Agent
Human resources manager
Public relations
Quality control
Research and development
Information technology

Question 16

HQ
INC.
IPO
LBO
LTD
LLC

Answer 16

High qualified
Incorporate
Initial public offering
Leveraged buyout
Limited liability
Limited liability company

Question 17

ACV
AGI
AGR
AIR
APR
Bs
COGS
EPS
GL

Answer 17

Actual cash value
Adjust gross income
Adjust gross revenue
Assumed interest rate
Annual percentage rate
Balance sheet
Cost of good sold
Earning per share
General ledger

Question 18

GP
LC
Re
RE
ROA
ROE
WC
KPI
P&L
NOI

Answer 18

Gross profit
Letter of credit
Reference
Retained earnings
Return on assets
Return on equity
Working capital
Key performance indicators
Profit and loss statement
Net operating income

Question 19

BAT
BPC
CC
ETA
LOI
ERP
VAT
RFP

Answer 19

Business action theory
Business planning cycle
Close corporation
Estimated time of arrival
Letter of intent
Enterprise resources planning
Value added tax
Request for proposal

Question 20

EBITDA

Answer 20

Earning before interest, taxes, depreciation and amortization

Question 21

S.M.A.R.T

Answer 21

Specific, mesurable, attainable, realistic, timely

Question 22

10 roles of manager by Mintzerbg
F
L
L
M
S
D
E
D
R
N

Answer 22

Figurehead
Leader
Liaison
Monitor
Disseminator
Spokenperson
Entrepreneur
Disturbance handler
Resource allocator
Negotiator

Question 23

Fair trade

Answer 23

Set of business practices that support producers in developing countries by doing things like making sure that workers have good working conditions and fair pay

Question 24

Keystone markup

Answer 24

Any item selling twice

Question 25

Cannibalization

Answer 25

Is when a company has several products that compete within the same market

Question 26

Money paid to workers

Answer 26

Wages

Question 27

A plan for archiving success

Answer 27

Strategy

Question 28

Knowing that is little risk of losing one’s employment

Answer 28

Job security

Question 29

Without any particular abilities acquired by training

Answer 29

Unskilled

Question 30

Regularly switching between different taks

Answer 30

Job rotation

Question 31

A system of authority with different levels, one above the other e.g a series of management positions, whose holders can make decisions, or give orders and introductions

Answer 31

Hierarchy or chain of command

Question 32

Independent, able to take decision without consulting someone at the same level or higher in the chain of command

Answer 32

Autonomous

Question 33

The power to give introductions to the people at level below in the chain of command

Answer 33

Line authority

Question 34

To be responsible to someone and to take introductions from them

Answer 34

To report to

Question 35

To give someone else responsibility for doing something instead of you

Answer 35

To delegate