Business Abbreviations and Acronyms Quiz
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Questions and Answers

What does the acronym ASAP stand for?

  • At standard administrative procedure
  • As simple as possible
  • As soon as possible (correct)
  • As safe as possible
  • Which of the following represents the meaning of the abbreviation 'cc'?

  • carbon credit
  • carbon copy (correct)
  • current copy
  • correspondence cover
  • Which term represents the meaning of 'B2B'?

  • Ban on two brands
  • Business to business (correct)
  • Best to best
  • Below two billion
  • What is the meaning of the abbreviation 'GNP'?

    <p>Gross National Product (C)</p> Signup and view all the answers

    Which of the following best describes the meaning of 'APR'?

    <p>Annual Percentage Rate (C)</p> Signup and view all the answers

    What does the abbreviation 'LLC' stand for?

    <p>Limited Liability Company (A)</p> Signup and view all the answers

    Study Notes

    Business Abbreviations and Acronyms

    • Acct. - account
    • Ad - advertisement (American English)
    • Advert - advertisement (British English)
    • Approx. - approximately
    • APR - annual percentage rate (interest rate for a year)
    • ASAP - as soon as possible
    • ATTN - attention (used to indicate recipient of mail)
    • B2B - business to business
    • BA - Bachelor of Arts
    • BBA - Bachelor of Business Administration
    • BS - Bachelor of Science
    • CC - carbon copy (duplicate copy sent)
    • CEO - Chief Executive Officer
    • CFO - Chief Financial Officer
    • Co. - Company (as in John Smith and Co.)
    • COD - cash on delivery
    • Corp. - corporation
    • CPA - Certified Public Accountant
    • CSR - customer service representative
    • Dept. - department
    • Div. - division
    • E.g. - example given
    • Ea. - each
    • EST - Eastern Standard Time
    • ETA - estimated time of arrival
    • FAQ - frequently asked question
    • Fwd. - forward
    • GDP - Gross Domestic Product (total value of goods/services)
    • GNP - Gross National Product (total value of goods/services)
    • Govt. - government
    • HQ - headquarters
    • I.e. - in other words
    • Inc. - Incorporated (legal entity)
    • ISO - International Organization for Standardization
    • Jr. - Junior
    • Ib. - pound (weight)
    • LLC - limited liability company
    • Max. - maximum
    • MBA - Master of Business Administration
    • Memo. - memorandum (brief note)
    • Mfg. - manufacturing
    • Min. - minimum
    • Mo. - month
    • N/A - not applicable
    • No. - number
    • Pkg. - package
    • PO - purchase order
    • PR - public relations
    • PS - postscript (short message)
    • Q1, Q2, Q3, Q4 - quarters (first, second, third, fourth quarter)
    • Qty. - quantity
    • R&D - research and development
    • Re - in regard to, regarding
    • Recd. - received
    • ROI - return on investment
    • RSVP - please reply (French)
    • SWOT - strengths, weaknesses, opportunities, threats
    • TBD - to be determined
    • Temp. - temporary
    • VP - Vice President
    • W/ - with
    • W/O - without
    • Yr. - year
    • YRLY. - yearly

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    Description

    Test your knowledge on common business abbreviations and acronyms with this quiz! From financial terms like APR to everyday phrases such as ASAP, see how well you recognize these terms used in the business world.

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