Business Words U Should Know

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Over 1,000 Essential
Words and Phrases!

BUSINESS

WORDS
YOU SHOULD

KNOW

From Accelerated Depreciation to Zero-based
Budgeting—Learn the Lingo for Any Field

H. DEAN M C KAY, P H .D., AND P.T. SHANK

Business

Words
You should

knoW

From Accelerated Depreciation to Zero-based
Budgeting—Learn the Lingo for Any Field
h. dean MckaY, Ph.d., and P.T. shank

Avon, Massachusetts

I dedicate this book to Susan Shank Mix, my wife, lifelong friend, and trusted advisor. Without her encouragement, creativity, and support, this book would be still in my imagination. —Dr. Dean McKay

I dedicate this book to Al Burgos, an accountant with the heart of an astronomer, because without him, no deadline would have been made. —P. T. Shank Copyright © 2008 by H. Dean McKay, Ph.D., and P. T. Shank

All rights reserved.
This book, or parts thereof, may not be reproduced in any form without permission from the publisher; exceptions are made for brief excerpts used in published reviews. Published by
Adams Media, an F+W Publications Company
57 Littlefield Street, Avon, MA 02322. U.S.A.
www.adamsmedia.com
ISBN 10: 1-59869-146-5
ISBN 13: 978-1-59869-146-7 (paperback)

ISBN 13: 978-1-44050-101-2 (EPUB)

Printed in the United States of America.
JIHGFEDCBA
Library of Congress Cataloging-in-Publication Data
McKay, H. Dean.
Business words you should know /
H. Dean McKay, and P.T. Shank.
p. cm.
ISBN-13: 978-1-59869-146-7 (pbk.)
ISBN-10: 1-59869-146-5 (pbk.)
1. Business—Dictionaries. I. Shank, P. T. II. Title.
HF1001.M26 2007
650.03—dc22 2007016518
This publication is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

—From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations Many of the designations used by manufacturers and sellers to distinguish their product are claimed as trademarks. Where those designations appear in this book and Adams Media was aware of a trademark claim, the designations have been printed with initial capital letters.

This book is available at quantity discounts for bulk purchases. For information, please call 1-800-289-0963.

Contents
Introduction / 1
The Words, A–Z / 2
Appendix: Acronym Index / 247

Acknowledgments

T

his book is an accumulation of decades of business, education, and management with some remarkable mentors and associates. In particular, I would like to recognize my mentors at the Peter F. Drucker Center for Management, Claremont Graduate School, Professor Joseph A. Maciariello and Professor Peter F. Drucker, along with the other faculty and participants in my decade of association with the university. I would like also to acknowledge the thousands of associates, peers, and managers in the organizations with whom I have had the pleasure of working these past five decades. To my family, who has been so supportive, I say thank you, Robert, Chris, Melinda, Cameron, Amanda, Dave, Michelle, Marcus, and Meredith. You are my team. P. T. Shank made this book a reality with her voice and creativity as well as hard work.

—Dr. Dean McKay

M

any people helped me make this book happen. Specifically, I would like to thank H. Dean McKay for his business acumen; Ed and
Mitchell, as always; Stephanie Sauls, for laundry, dinners, flowers, and generally being an amazing friend; Billy Taymor for his patience, humor, and being awake long after most people have gone to bed; Shoshanna Grossman, who saw me through the beginning of it; David Willis, who saw me through the end of it; and all my friends—both real and cyber—who understood and still love me.

—P. T. Shank...
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