WE ARE TRAINING
Words
We like…
Jan 28th
“I Keep six honest serving-men
(They taught me all I knew);
Their names are What and Why and When
And How and Where and Who”.
(Rudyard Kipling, The Elephant’s Child)
Word of the Day
Jan 26th
B
Benchmark – verb, noun. – measure, target; to make a comparative analysis regarding your company’s performance and that of your competitor, or between several branches/departments a.s.o.
e.g. In order to improve the tendering process, they conducted a policy benchmark within the group.
By the way, do you know the origin of this word, widely used in business?
(Here it comes: some centuries ago, tailors were using a work table and chalk in order to mark the sizes and where to cut the cloth when making a piece of garment. They also had “benchmarks”, markings on their table, with different measures in feet and yards).
Word of the Day
Jan 25th
A.R.
A.R. – Acknowledge of Receipt – proof that a person has received some corespondence. May be demanded through post service.
e.g. All notifications between parties will be made in writing, with A.R. (EN jur., contractual clauses).
A.R. - All Risks – a type of insurance that covers all risks.
e.g. In order to be sure that our goods will not be harmed during shipping, we took out an AR insurance, which paid off.
Word of the Day
Jan 20th
A
ARR – Average rate of return – the ratio of the average cash inflow to the amount invested.
E.g. We were asked to calculate the average rate of return for the investment project.
or
The investment promised an average rate of return which looked attractive to the board.
Word of the Day
Jan 19th
A
ATM … we’re all using this word at least once in a while … “Let me get some cash from the ATM … Is there a (bank name) ATM near here?
ATM - automated teller machine, cash machine or cash dispenser. Just watch out for “shoulder surfing” 
.
What is “shoulder surfing”??? Check us out soon and you’ll know!
Word of the Day
Jan 18th
Shape up your Business English with us! As of today, gain a fresh bite of business vocabulary to get you ahead!
A
armchair economics - economic forecasting or theorizing based on insufficient data or knowledge of a subject (slang)
(or something we see on TV quite a lot these days ).
E.g. :
The anti-crisis macro-economic strategy was a failure because of the great deal of forecast based on armchair economics.
or
I don’t take his business advice for granted as he’s an armchair economist.
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