Business Acronyms by GambinoG

Champion(s):

LuceroM
Semper Ubi Sub Ubi


Runner(s)-Up:

MatthewsP
Quiz Free or Die


Quiz Description

Real and fake acronyms from the business world. Philosophy majors need not apply.

Full Results:

Rank Player Total %ile 1 2 3 4 5 6 7 8 9 10 11 12
Money Value (% Incorrect): 67 75 67 42 50 67 59 50 30 42 67 42
1 LuceroM 420 97 00
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2 MatthewsP 411 93 15
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3 IrwinK 405 89 15
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4 PolinskyL 392 85 15
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5 MilgromM 343 81 15
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6 BoyerA 335 77 00
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7 KonkelT 331 72 00
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8 FryedBetaKappa 324 68 00
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9 Vintsanity 322 64 00
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10 BarthR 306 60 00
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11 Bloo 303 56 15
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12 MurphyN 296 52 00
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13 WeikleB 291 45 15
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13 FrostL 291 45 00
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15 CrosslandC 284 39 15
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16 RaiaB 249 35 00
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17 BeningoS 244 31 15
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18 VenguswamyK 233 27 00
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19 elfm 221 22 00
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20 HoH 194 18 00
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21 WeaverR 184 14 00
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22 Consigliari 176 10 00
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23 cruzich 117 6 00
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24 MoyseyC 0 2 00
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Questions:

What Vice-Chairman of Berkshire Hathaway said, “I think that, every time you see the word EBITDA, you should substitute the word ‘bullshit’ earnings.”

Click to Reveal Answer
Charlie Munger

In addition to complying with generally accepted accounting principles (GAAP) in their home country, multinational corporations' financial statements comply with what other globally common set of accounting rules?

Click to Reveal Answer
IFRS

In "Friends", Chandler was worried about what "processing term" that sounds like something Beavis and Butt-head might chuckle over.

Click to Reveal Answer
WENUS

As opposed to IRR, the preferred method to evaluate an investment is to add up a series of DCF's to calculate the NPV. What do BOTH DCF and NPV stand for?

Click to Reveal Answer
Discounted Cash Flow, Net Present Value

US investors may hold shares of foreign companies on US stock exchanges throughout the use of what instrument, abbreviated ADR? (Full name required)

Click to Reveal Answer
American Depository Receipt

In his book, "______ _____'s Money Secrets: Like: Why Is There a Giant Eyeball on the Dollar?" what writer suggests padding one's resume by mentioning proficiency in skills like WERP and FREEMIS?

Click to Reveal Answer
Dave Barry

In shipping, FOB is a term in which the buyer assumes all costs and risks once the product is loaded on the vessel at the port of origin. What does FOB stand for?

Click to Reveal Answer
Free On Board

ERP is a type of software used to manage end-to-end business activities such as accounting, HR, supply chain management, project management, and others. What does ERP stand for?

Click to Reveal Answer
Enterprise Resource Planning

In the move "Office Space", Peter was "coached" about not including the new cover sheet on what report?

Click to Reveal Answer
TPS Report

BRIC is a term coined by Goldman Sachs denoting Brazil, Russia, India, and China. Eventually, the term BRIICS came into use, adding what TWO other emerging market nations?

Click to Reveal Answer
Indonesia, South Africa

The benchmark grade of light, sweet crude oil in the US is commonly known by what 3-letter term?

Click to Reveal Answer
WTI

The project name coined here by Dilbert is an example of what process in mathematics and computer science, referring to a method of defining functions in which the function being defined is applied within its own definition.

Click for additional information

Click to Reveal Answer
Recursion