abbreviation

Question 1

EU

Answer 1

EU: European

Question 2

MBO

Answer 2

MBO: Management buyout

management buyout
noun [ C ] (also management buy-out)
UK/ˌmæn.ɪdʒ.mənt ˈbaɪ.aʊt/ US/ˌmæn.ɪdʒ.mənt ˈbaɪ.aʊt/

FINANCE & ECONOMICS, BUSINESS specialized
a situation in which the managers of a company buy all the shares in the company and so get control of it:

She led a management buyout.

Rumours circulated that he could be planning a management buyout of the company at 75p a share.

Unternehmensverkauf an das eigene Management

Question 3

USP

Answer 3

unique selling point/proposition:

a feature of a product that makes it different from and better than other similar products and that can be emphasized in advertisements for the product

Question 4

AOB

Diverses

Answer 4

any other business: used at the end of the list of subjects to be discussed at a meeting

any other business. Used to talk or ask about things that need to be discussed but are not on the agenda:
I’ll put that request under AOB and deal with it at the end of the meeting.

Question 5

PEST analysis

Answer 5

Political, Economic, Social, and Technological analysis:

a management method that examines the effect that events or influences from outside may have on the performance of a company or organization:

A PEST analysis is concerned with the economic influences on a business.

Question 6

MD

appoint sb (as) MD

Answer 6

managing director

the person in charge of a company:
There’s a board of five directors, but she is the Managing Director.

the person in charge of a company, who is responsible for what it does and how it is run:

The managing director said that a company is not only measured by the returns it gives its shareholders, but also by the returns it provides to the society.

appoint sb (as) managing director
We are pleased to announce that we have appointed Julia Elliott as managing director, effective March 2011.

Question 7

ROI

Answer 7

return on investment: the amount of interest or profit someone earns on an amount of money that they save or invest :

Use our investment calculator to see the ROI you could get.
Last year my ROI was only 20%.

return on investment: the helpful or good effect that comes from something someone has given their time to or put a lot of effort into:

Network hard and you will see an excellent ROI.

Question 8

M & A

Answer 8

mergers and acquisitions:

the activity of buying or combining with another company or advising another company on how to do this:

Further M & A activity is unlikely before this recession is over.
This article examines the various issues surrounding M & As

😉
acquisition
noun
UK /ˌæk.wɪˈzɪʃ.ən/ US /ˌæk.wəˈzɪʃ.ən/

the process of getting something:
The acquisition of huge amounts of data has helped our research enormously.

Their main methods of food acquisition were hunting and fishing.

[ U ]
the process of gradually learning something or gaining something such as a skill:

acquisition of Education is not merely about the acquisition of knowledge.

Anxiety can interfere with the acquisition of new skills.

language acquisition Language acquisition starts at a very young age..

Question 9

OTE

Answer 9

on-target earnings:

used in job advertisements to show how much money it is possible to earn if the person doing the job sells an amount of goods or services, or does an amount of work, stated by the employer

on target earnings: used in job advertisements to show how much you can earn if you achieve particular goals, for example in sales:
a salary of £41,000 OTE

Question 10

PAYE

Answer 10

Pay As You Earn:

a system for collecting income tax in which a person’s tax is taken off their pay by the employer and sent to the government

pay as you earn: a system in the UK for collecting income tax in which a person’s tax is taken off their pay and sent to the government by their employer:

a PAYE code

the PAYE system

be on PAYE And if you are on PAYE, you can spread the payments by a change in your tax code.

Question 11

VAT

Answer 11

value added tax (= a type of tax in European countries that is paid by the person who buys goods and services)

You can pay as little as £600 plus VAT for a powerful PC.

including/excluding VAT The price is £19.99, including VAT.

Those with a turnover of £51,000 or more have to register for VAT.

Banking services are exempt from VAT.

ger:
MwSt f

Question 12

SWOT analysis

Answer 12

abbreviation for strengths, weaknesses, opportunities, threats: a way of considering all the good and bad features of a business situation or a company:
a SWOT analysis

Question 13

CEO

Answer 13

chief executive officer : the person with the most important position in a company

Question 14

CV

Answer 14

curriculum vitae formal :

[kəˈrik(y)ələm ,ˈvītē]

a short written description of your education, qualifications, previous jobs, and sometimes also your personal interests, that

a written description of the previous work of someone who is looking for a job at a college or university:
Applicants interested in applying for the position should submit their CVs to the Anatomy Department no later than 15 February.

Question 15

TNA

Answer 15

training needs analysis

Question 16

TOIL

Answer 16

time off in lieu :
In this section, the company’s TOIL policy is described.

time that an employee who has worked extra hours may take off from work:
Where eligible members of staff have worked agreed additional hours above their normal working week, the University offers time off in lieu.

Question 17

RRP

Answer 17

recommended retail price: the price that the company that makes a product says it should be sold for

Question 18

CFO

Answer 18

chief financial officer : the person in an organization who has the most important position with responsibility for the organization’s finances:

Our clients are CEOs and CFOs of Fortune 500 companies.

The 49-year-old Canadian was appointed CFO last year, and so far she’s been having a good run.

Question 19

FAQ

Answer 19

frequently asked question: a question in a list of questions and answers intended to help people understand a particular subject:
If you have any problems, consult the FAQs on our website.

Question 20

RSI

Answer 20

repetitive strain injury
noun HR
UK US
(also repetitive stress injury); ( abbreviation RSI)
Add to word list
[ U ]

a medical condition caused by repeated pressure or movements, usually leading to pain and weakness in the hand and arm:

Office workers can suffer from work-related ill-health such as repetitive strain injury.

Question 21

RPI

Answer 21

retail price index
noun [ C usually singular ] UK
UK /ˌriː.teɪl praɪs ˈɪn.deks/ US /ˌriː.teɪl praɪs ˈɪn.deks/
(abbreviation RPI)
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a measurement of the changes in the cost of basic goods and services

in the UK, a list of the prices of some basic goods and services, showing how they change over time, as a way of measuring inflation:

Interest payments are increased in line with changes in the retail price index.

The retail price index was up 3.6% from a year earlier.

the retail price index increases/decreases The Retail Price Index (RPI) increased by 0.4% in May to an annual rate of 2.8%.

Question 22

p.a.

Answer 22

per annum (= each year):
a salary of $120,000 p.a.

The country exports goods worth $600 million per annum.

Question 23

APR

Answer 23

Annual Percentage Rate:

the rate at which someone who borrows money is charged, calculated over a period of twelve months:

The interest rate on my credit card is currently 25.5 percent APR.

Jahreszinssatz m

Question 24

ICC

Answer 24

International Chamber of Commerce
noun
UK US
( abbreviation ICC)
Add to word list
COMMERCE
an organization whose aim is to make sure that international trade is based on clear rules, and to support world trade. It was established in 1919 in Paris.

Internationale Handelskammer

Question 25

SET

Answer 25

Secure Electronic Transaction

Question 26

GDP
BIP

Answer 26

Gross Domestic Product: the total value of goods and services produced by a country in a year:
If the GDP continues to shrink, the country will be in a recession.

Question 27

NPD

Answer 27

new-product development :
Product innovation includes the NPD programs.

Question 28

FYI

zur Info

Answer 28

for your information: used, for example in emails, when you send someone an announcement or tell someone something that you think they should know

FYI, tomorrow’s staff meeting is scheduled for 10 A.M.

She forwarded a copy of the email to several colleagues with the short message: “FYI.”

Question 29

VIP

Answer 29

very important person (= a person who is treated better than ordinary people because of being famous or influential in some way):

We were given the full VIP treatment.

very important person: someone treated better than others in a particular situation because they are famous or have a lot of influence:

The police officer escorted the president and several other VIPs inside.

They were in the VIP lounge at the airport.

We were given the full VIP treatment.

Question 30

TQM

Answer 30

total quality management
noun [ U ] MANAGEMENT, PRODUCTION
UK US
( abbreviation TQM)
Add to word list

the involvement of all of a company’s managers and employees in making sure that its products and services are all of a high standard and exactly as designed:

They are introducing new programs for improvements, similar to the total quality management (TQM) approaches of preceding decades.

Question 31

PPP

Kaufkraftparität (KKP)

Answer 31

purchasing power parity

a measure of how much one unit of a currency would buy in different countries, calculated by comparing the price of one or more particular products in each country. Purchasing power parity is used to judge if currency exchange rates are correct in relation to what can be bought with different currencies:

The theory of purchasing power parity says that, over time, exchange rates should equalize the prices of an identical basket of goods and services in any two countries.

Question 32

PLC

ger: AG f

Answer 32

public limited company: a British company whose shares can be bought and sold by the public and whose debts are limited if it fails financially:

Aktiengesellschaft f

😄
PLC Abkürzung von programmable logic controller
deutsch
SPS f

Question 33

AGM

Answer 33

annual general meeting: a meeting that happens once every year in which a company discusses its business activities, presents its accounts to shareholders, and elects officers:

Mr Thomson was voted onto the board at the company’s AGM two weeks ago.

The Agenda for the ensuing 7th AGM of the company’s shareholders contains two special businesses.

Jahreshauptversammlung f

Question 34

PR

Answer 34

public relations :

The company’s putting out a lot of PR about the new product line.

They’ve decided to hire a PR firm to improve their public image.

a PR exercise/campaign

public relations: the activity of providing the public with information about your organization so that people have a positive idea of the organization’s work:

good/bad PR They have very good PR.

The Foreign Secretary’s comments were a PR disaster for him.

Its slick PR machine normally prevents outsiders from getting an accurate view of life inside the company.

PR agency/company/firm The launch party will be handled by a PR firm.

a PR campaign/exercise

a PR department/job/man

a PR consultant/executive/manager

Question 35

L/C

Answer 35

letter of credit :
We have opened an L/C for your use with the second contract.

Akkreditiv

Question 36

MBA

Answer 36

Master of Business Administration: an advanced degree in business, or a person who has this degree

Question 37

O & M

Answer 37

Organization and Methods

the process of examining the structure and working methods of a company or organization in order to make it more effective

Question 38

HR

Answer 38

human resources or human resource management :

I know from having worked in HR for many years that employers rate this qualification highly.

HR manager/professional/department We have developed a checklist of questions that HR managers could use in interviews.

Question 39

POS

Answer 39

point of sale : a place where something is sold to the public, or the place where someone pays for something:
It is wise to use the POS computer only for sales transactions, reports, and inventory control.

How many POS transactions are pre-authorized? That’s basically gas stations, restaurants, hotels, and car rentals.
Barcodes help enhance faster checkout at POS, and product tracking and tracing.
Sometimes customers cannot remember their PINs at POS machines, or the POS machine may not have a PIN pad.
A working group was constituted to recommend an action plan for enabling additional authentication for transactions at POS.

Question 40

Profit and loss (P&L) statemen

Answer 40

Profit and loss (P&L) statement refers to

a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year.
These records provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs, or both. P&L statements are often presented on a cash or accrual basis.

Question 41

ASAP

Answer 41

as soon as posible

Question 42

CBD

Answer 42

central business district:

the part of a city or town where most offices and businesses are:
Every business day, 6.7 million commuters crowd into Manhattan’s central business district.

the main part of a city where most of its offices, stores, etc. are:
By relocating to new offices in the central business district, the firm expects to double its employment in the city.

Question 43

COD

Answer 43

cash on delivery :

a method of payment in which a person or organization buying goods pays for the goods at the time that they receive them:

Methods of payment include COD, invoice, credit card, online payment, offline payment.

Cash on delivery or COD is a type of transaction in which payment for goods is made at the time of delivery.

Can I have that shipped C.O.D.?

Question 44

LIFO
FIFO

Answer 44

last in, first out

a method used to calculate the value of products or materials, in which the last ones that are bought are considered to be the first that are sold or used. At the end of the year, the value of the ones that have not been sold or used is calculated using the earliest price that was paid:

In times of inflation, many companies switch to a “last in, first out” accounting method, in order to avoid paying tax on profits that appear higher.

HR
the situation in which, when a company needs to reduce the number of employees, the last people who were employed are the first to lose their jobs:
The last-in, first-out redundancy policy used to be straightforward to apply but the recent age discrimination legislation has made the matter more complex.

🤣

first in, first out
noun [ U ]
UK US
( abbreviation FIFO)
Add to word list
ACCOUNTING
the method used to calculate the value of products or materials, in which the first ones that are bought or produced are said to be the first that are sold or used. At the end of the year, the value of the ones that have not been sold or used is calculated using their most recent cost:
Inventory is valued at currently adjusted standards which approximate actual costs on a first-in, first-out basis.

HR
the situation in which, when a company needs to reduce its number of employees, the first people who were employed are the first to lose their jobs
Compare
last in, first out

Question 45

NVQ

Answer 45

National Vocational Qualification: a British qualification in a technical or practical subject which shows that a person has skills that are useful for particular jobs:
Students can take an NVQ at level 2 or 3 as part of an IT apprenticeship.

Question 46

GNP

Answer 46

Gross National Product: the total value of goods and services produced by a country in one year, including profits made in foreign countries

Question 47

NI

Answer 47

national insurance

a system in the UK in which the government collects money from workers and companies so that it can make payments to people who are unemployed, ill, or too old to work:

If an employer fails to pay your national insurance contributions you may not be entitled to benefits or a state pension.

Question 48

CPD

Answer 48

Continuing Professional Development (CPD)

is a commitment to ongoing lifelong learning that helps professionals develop and improve their skills, knowledge, and confidence to enhance their performance and career prospects

Question 49

ESOP

Answer 49

employee share ownership plan
( US employee stock ownership plan)

a benefits plan in which employees own a percentage of their company’s shares, which are bought and managed for them by a trust (= separate organization):
An employee share ownership plan distributes 5% of pre-tax profits among 29,000 eligible employees.

Question 50

EFT

Answer 50

electronic funds transfer: a system of moving money electronically from one bank or account to another:

With the advent of EFT, the relative detriments of cash can be targeted, if not eliminated.

Question 51

R & D

Answer 51

research and development: the part of a business that tries to find ways to improve existing products, and to develop new ones:
If we want to get ahead of our competitors, we ought to invest more in R and D.

Question 52

P & P

Answer 52

r postage and packing: a charge for the cost of having something put into a container and mailed to you :
All prices include p & p.

Question 53

ISP

Answer 53

Internet Service Provider:

a company that provides use of the internet, allows you to use email, and gives you space on the internet to show documents:

Some ISPs are free and give you as many email addresses as you want.

Question 54

FOB

Answer 54

free on board :
At the FOB point the risk of loss passes from the seller to the buyer.

used for stating that the seller is responsible for transporting goods to a ship at a particular port, and then they become the buyer’s responsibility

Question 55

IOU

Answer 55

I owe you: a written promise to pay back a debt:
Here’s an IOU for the fiver you lent me. I’ll pay you back on Monday.

I’ll give you an IOU for the loan.

The New York agent now has an IOU for $1,000.