MBA Vocabulary for international students

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MBA Vocabulary for international students

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Access - (Verb) To obtain. To gain entrance to. "We [an art company] look at people in their late 20's. They know it's time to take the posters off the wall. They'd like to buy art, but they don't know how to access it. They don't want to go to the Holiday Inn by the Airport and buy sofa size art on Sunday afternoon.” Explanation: (1) Collegestudents and recent college grads usually don't own art -- they put cheap posters on their walls. (2) Traveling vendors offer cheap, big paintings at "flea markets" at spots like Holiday Inns. These paintings will not gain value over the years. The speaker’s -- Mr. Hale's -- company sponsors ways for young people to buy real art, which is original and which might be appreciated by local artists.

Add-on - (Noun) Something that’s not essential. "Working with students is not an add-on. It's not on the periphery for us (working with students is essential for us)." Dean Sullivan

Affirmative action - (Noun) Policy of choosing people for jobs or schools on the basis of race or gender. "There is a backlash against affirmative action and quotas in the US (some people are rebelling against the concept of racial quotas)."

African-Americans - (Proper noun) A politically correct term referring to people who are descendants of Africans. Roland West, an African-American speaker, used the term as equivalent to Black people. Many people accept either term, but in formal writing it is more common to use 'African American.' "The whole beach was populated by African-Americans."

Ah-ha - (Interjection) Slang expression showing a mix of surprise and happiness. “The ah-ha” can be a fact (or analytical step) that causes the student to say "Ah-ha! Now I understand." "The capacity need is the ah-ha of the case”: discovering that capacity is needed is what the student should learn.

Aiding and Abetting - “To assist in the performance of a crime either before or during (but not after) its commission. Aiding usually refers to material assistance (e.g. providing the tools for the crime), and abetting to lesser assistance (e.g. acting as a look-out or driving a car to the scene of the crime). Aiders and abettors are liable to be tried as accessories. Mere presence at the scene of a crime is not regarded as aiding and abetting. It is unnecessary to have a criminal motive to be guilty of aiding and abetting: knowledge that one is assisting the criminal is sufficient.”

Airtime - (Slang with a negative connotation) Speaking in class only so the professor will notice you. Pronounced as two words: air time. "Students compete for airtime because they believe speaking more in class will improve their class participation grade. Ask yourself, ‘is this a story that I want to use my airtime in class to tell?’” (Many students speak in class to help their grade without having anything worth saying. Do you really want to spend your precious class time speaking about something irrelevant and looking bad in front of the professor and the class just to have some class participation?) The term originates from the broadcast media industry.

AKA - (Acronym) Also known as. "Slovakia - AKA Slovak Republic - is in Eastern Europe." "He is known as Romeo, AKA the lady killer (His nickname is Romeo, after a Shakespearean lover, because he is good at meeting women)."

Alphabet Soup - Large number of Federal agencies, usually identified by their initials, or acronyms. Campbell’s makes a food product called alphabet soup, which contains pasta in the shape of letters, and appeals especially to children. “[W]hat foreigners envy us most for is precisely the city Mr. Bush loves to bash: Washington. That is, they envy us for our alphabet soup of
regulatory agencies: the S.E.C. [Securities and Exchange Commission], the Federal Reserve, the F.A.A. [Federal Aviation Administration], the F.D.A [Food and Drug Administration]., the F.B.I., the E.P.A., the I.R.S., the I.N.S. Do you know whata luxury it is to be able to start a business or get a license without having to pay off some official?”