1. Abbreviations CHECK YOUR ENGLISH VOCABULARY FOR BUSINESS AND ADMINISTRATION

CHECK YOUR ENGLISH VOCABULARY FOR BUSINESS AND ADMINISTRATION

1. Abbreviations

Test your knowledge of business abbreviations and acronyms. Look at these abbreviations, then complete the crossword grid on the next page with the words that are missing from their complete forms. Across (→) 2. EU = _____ Union. 4. MBO = management _____ (the letters B and O are used in one word) 8. USP = unique _____ point. 9. AOB = any other _____. 11. PEST analysis = political, social, economic and _____ analysis. 13. MD = Managing _____. 14. ROI = return on _____. 15. M & A = _____ and acquisitions. 17. OTE = on-target _____. 19. PAYE = pay as you _____. 20. VAT = Value Added _____. 22. SWOT analysis = strengths, weaknesses, _____ and threats analysis. 25. CEO = Chief _____ Officer. 26. CV = curriculum _____. 27. TNA = trainee _____ analysis. 29. TOIL = _____ off in lieu. 32. RRP = recommended retail _____. 34. CFO = Chief _____ Officer. 37. FAQ = frequently asked _____. 38. RSI = repetitive strain _____. 39. RPI = retail price _____. 41. p.a. = per _____. 43. APR = _____ percentage rate. 45. ICC = International Chamber of _____. 49. FYI = for your _____. 51. NPD = new _____ development. 52. SET = _____ electronic transaction. 54. GDP = gross _____ product. 56. VIP = very important _____. Down (↓) 1. TQM = total _____ management. 3. PPP = purchasing power _____. 5. PLC = _____ limited company. 6. AGM = annual general _____. 7. PR = public _____. 10. L/C = letter of _____. 12. MBA = Master of Business _____. 15. O & M = organization and _____. 16. HR = human _____. 18. POS = point of _____. 21. P & L statement = _____ and loss statement. 23. ASAP = as soon as _____. 24. CBD = _____ business district. 28. COD = cash on _____. 30. LIFO = last in, _____ out. 31. NVQ = National Vocational _____. 33. GNP = gross _____ product. 35. NI = National _____. 36. CPD = continuing professional _____. 40. ESOP = employee _____ ownership plan. 42. In £20K, K means _____. 44. EFT = _____ funds transfer. 46. R & D = _____ and development. 47. P & P = _____ and packing. 48. ISP = _____ service provider. 50. FOB = _____ on board. 53. IOU = I owe _____. (Be careful: the word you need does not begin with the letter u) 55. JIT production = Just-in-_____ production.

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