Business Words You Should Know: From accelerated by H. Dean McKay

By H. Dean McKay

"Do you recognize what Accounting Noise is? How approximately Illiquid? Bricks and Clicks? Any proposal what GAAP, LBO, RFP, or SOW stand for? let's accept it: you cannot continue to exist the company jungle this present day except you communicate the language. it is time to learn!

With this easy-to-use, easy-to-understand advisor, you will:

  • Learn key enterprise vocabulary and the way to take advantage of it confidently
  • Be in a position to reference serious phrases from all parts of business
  • Locate greater than 1,000 transparent definitions
  • Set up in dictionary kind, Business phrases you want to Know gains not just definitions, but in addition deals pattern sentences and related phrases for every access, in addition to lists of acronyms and customary company recommendations. even if you are looking for a role or are already within the thick of brand new problem enterprise atmosphere, you will communicate the language of the professionals very quickly!

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    Additional info for Business Words You Should Know: From accelerated Depreciation to Zero-based Budgeting - Learn the Lingo for Any Field

    Sample text

    Small, independent companies are the major business customers for community banks. See also: Bank, Loan Company A business enterprise; a firm; a legal entity that has a separate legal identity from its members and is ordinarily incorporated to undertake business. The small mom-and-pop store eventually grew to become a globally recognized company. See also: Incorporate, Limited Liability Company (LLC), Partnership, Sole Proprietorship Comparative Advantage The ability of one firm to engage in production at a lower opportunity cost than another firm.

    With the outrageous success of one product, the little-known company entered into competitiveness with all the major players in the industry. See also: Competition, Competitive Advantage, Competitive Position Complex Decisions Decisions that are made in multiple levels of an organization; multiple people either deciding on or influencing the decisions. Complex decisions include more considerations and more players, and those players are often located at higher levels in the organization. See also: Complexity, Decision Influences, Marketing, Organizations, Sales Complexity The quality of being intricate and compounded; managing many and often chaotic situations, organizations, and strategies.

    One of the reasons he was a good CEO was that he took his responsibility to his employees as seriously as his responsibility to the stockholders. See also: Leadership, Top Management Chief Financial Officer (CFO) The corporate executive responsible for the financial planning and tracking of a company; member of the executive team who represents the firm in the financial world. The new CFO knew she was going to have to repair the company’s reputation after the scandal caused by her predecessor. See also: Leadership, Top Management Chief Operating Officer (COO) An executive who oversees the day-to-day operations of a company.

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