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Office Jargon 101 – What Does ‘Balls in the Air’ Mean?
What Does ‘Balls in the Air’ Mean? Have you ever heard someone in the office mention the phrase “balls in the air” and wondered what it meant? It’s a term that you may have noticed among those working in the corporate world or in management positions. It may sound strange, but it has a simple…
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Office Jargon 101 – What Does ‘Back of the Envelope’ Mean?
Understanding Business and Office Jargon: What Does ‘Back of the Envelope’ Mean? As a novice in the world of business and office jargon, you may have come across the phrase “back of the envelope” and wondered what it means. In a nutshell, the phrase “back of the envelope” is used to refer to a quick…
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Office Jargon 101 – What Does ‘at the End of the Day’ Mean?
Understanding ‘at the End of the Day’ If you’re new to the job market, you’ve probably heard someone say “at the end of the day.” You may be wondering what exactly it means, and why people keep using it. Put simply, “at the end of the day” is an expression used to sum up the…
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Office Jargon 101 – What Does ‘Asap’ Mean?
What Does Asap Mean? When you enter the job market, you’re likely to come across a lot of business jargon that you may be unfamiliar with. A common acronym you may come across is “ASAP.” It’s important to understand the meaning of “ASAP” so that you can respond to in a timely manner. The acronym…
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Office Jargon 101 – What Does ‘All-Hands Meeting’ Mean?
Definition of All-Hands Meeting An all-hands meeting (sometimes called a town hall meeting or an employee meeting) is a gathering of all employees to share information, ideas, and to address questions and concerns. This type of meeting can be required by the company, and is often done by executive teams to communicate corporate strategies and…
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Office Jargon 101 – What Does ‘Actionable’ Mean?
What Does Actionable Mean? Actionable is a common term used in a business or office setting. It means taking an action or doing something to create a change. In other words, actionable is a phrase used to describe an action that needs to be taken. To put it into simple terms, when something is actionable,…
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Office Jargon 101 – What Does ‘A-Ha Moment’ Mean?
What Is an A-Ha Moment? An a-ha moment is a term used to describe the instant when someone has an epiphany or “lightbulb moment.” It’s when we gain realization or understanding of something and have that a-ha experience of “Oh, that’s how it works!”. It is a moment of clarity when we finally figure out…
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What Does ‘Cash On Cash Return’ Mean?
What Is Cash On Cash Return? Cash on cash return is a metric used to gauge the financial performance of an investment. In its simplest terms, it is the return on investment (ROI) achieved after considering the cash flow generated from the initial capital investment. This makes it a great tool for any investor looking…
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What Does ‘Fair Value’ Mean?
What Is Fair Value? Fair value is the estimated worth of an asset or liability at the time in which it is being valued. It considers the current market value of the asset or liability. This is different from market value, as fair value takes into account estimated future cash flows that can be generated…
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What Does ‘Managing for Quality’ Mean?
Managing for Quality: What Does It Mean? Managing for quality is a business approach that focuses on producing and delivering goods and services of the highest possible quality. Quality management is becoming an increasingly important part of modern business strategy, as customers often expect high-quality goods and services at competitive prices. Quality management broadly involves…
