Answer Key

Business idioms, jargon and abbreviations – Practice 1

Choose the correct answer:
  1. SWOT stands for  [strength, weakness, opportunities, threats]
  2. CRM stands for  [customer relationship management]
  3. A situation in which further action is blocked is  [a stalemate]
  4. “Headquarters” is usually abbreviated as  [HQ]
  5. MBA stands for  [Master of Business Administration]
  6. A number that is close to the true number but not quite the true number is  [a ballpark figure]
  7. If you want to deal with recruitment, salaries and staff issues, you might want to follow a career in  [HR]
  8.  [synergy] is the idea that the value and performance of two companies combined will be greater than the sum of the separate individual parts.
  9. A needlessly time-consuming procedure is called  [red tape]
  10. VAT stands for  [value added tax]