GBR

2005, Volume 08, Issue 4

Editor's Note 


A Lexicon of Business and Information Technology (IT) Acronyms

Nancy Dodd Cates, MPW

Business terms reduced to acronyms save keystrokes and speed up communication in an Internet world where every soundbyte counts.  Unfortunately, how many times have you read an article, listened to a broacast or received an email full of acronyms, some very familiar and some totally unfamiliar?  Getting to the point, below are a few common and not so common business terms to help you decipher business terminology. 

point                                                  Photo: Daniel V

Acronyms for Business and Information Technology

 

 

 

 



 

ASCII

American Standard Code for Information Interchange

B2B

Business to Business

B2C

Business to Consumer

BBB

Better Business Bureau

BOI

Business Object Interface

BV

Business Valuation

CAD

Computer-Aided Design

CEO

Chief Executive Officer

CFO

Chief Financial Officer

CIO

Chief Information Officer

COB

Close Of Business

COGS

Cost of Goods Sold

COLA

Cost of Living Adjustment

COO

Chief Operating Officer

CPA

Certified Public Accountant

CPA

Cost Per Action

CPC

Cost Per Click

CPI

Cost Per Impression

CPM

Cost Per Thousand

CPP

Cost Per Pop-up

CPS

Cost Per Sale

CPT

Cost Per Transaction (cost per lead)

CRM

Customer Relationship Management

CTO

Chief Technology Officer

CTR

Click Through Rate

DBA

Doing Business As

EBR

Enhanced Business Reporting

EDI

Electronic Data (or Document) Interchange

ERP

Enterprise Resource Planning 

FLP

Family Limited Partnership

FT

Full Time

FTC

Federal Trade Commission

FTE

Full Time Equivalent

GAAFR

Governmental Accounting, Auditing, and Financial Reporting

GAAP

Generally Accepted Accounting Principles

GAAS

Generally Accepted Auditing Standards

GAGAS

Generally Accepted Government Auditing Standards

GAO

Government Accountability Office

HTM/HTML

Hyper Text Markup Language

IO

Insertion Order

IPO

Initial Public Offering (new stocks) 

ISO

International Standards Organization

ISP

Internet Service Provider

ISS

Internet Security Systems

IT

Information Technology

JOA

Joint Operating Agreement

KM

Knowledge Management

KPI

Key Performance Indicator

LLC

Limited Liability Company

LLP

Limited Liability Partnership

MIME

Multipurpose Internet Mail Extensions

MIS

Management Information System

MRP

Manufacturing Resource Planning or Material Requirement Planning

MSI

Multiple Streams of Income

MSRP

Manufacturer's Suggested Retail Price

NASDAQ

(once an acronym for the National Association of Securities Dealers Automated Quotation system)

NDA

Non-Disclosure Agreement

NIB

New In the Box

NYSE

New York Stock Exchange 

OPM

Other People's Money

OPR

Other People's Resources

OPT

Other People's Time

OTC

Over-The-Counter (Stock)

PA

Public Accountant (not certified)

PL

Profit and Loss

PO

Purchase Order

POM

Program Objective Memorandum 

POP

Point of Purchase

POS

Point Of Sale

PR

Press Release

PT

Part Time

PVI

Positive Volume Index 

QA

Quality Assurance

QC

Quality Control

RFP

Request for Proposal

ROI

Return on Investment

ROS

Return on Sales 

SBA

Small Business Administration

SEC

Securities & Exchange Commission 

SFI

Six-Figure Income

SKU

Stock Keeping Unit

SM

Service Mark

SOHO

Small Office, Home Office

TM

Trademark

VP

Vice President

VIP

Very Important Person

VPN

Vendor Part (or product) Number 

XBRL

Extensible Business Reporting Language

Acronym Sources:
http://www.acronym-guide.com/business-acronyms.html
http://www.123webmaster.com/Onsite/Reference/Acronyms2.html
http://www.world-wide-net.com/library/acronyms.html
http://www.aicpa.org/members/glossary

Nancy Dodd Cates, MPWserved for four years as senior editor at the Marshall School of Business at the University of Southern California before joining the faculty at the Graziadio School as academic editor.  She holds a terminal degree in Professional Writing from USC. Ms. Cates has published in a variety of publications, starting her career in this field as managing editor of Elan, a lifestyle magazine.  She has also received awards for her creative writing and is currently finishing her MFA in playwriting at USC. nancy.cates@pepperdine.edu

 


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The opinions expressed are solely those of the authors and do not necessarily reflect the views of the Graziadio School of Business and Management nor Pepperdine University.