MBA Word List

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The Master of Business Administration is a master's degree in business administration (management).

The Master of Business Administration degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management.

The core courses in an Master of Business Administration program cover various areas of business such as
accounting,
finance,
marketing, human resources and operations in a manner most relevant to management analysis and strategy.

Most programs also include elective courses.

The Master of Business Administration is a terminal degree and a professional degree.

Accreditation bodies specifically for Master of Business Administration programs ensure consistency and quality of education.

Business schools in many countries offer programs tailored to
full-time,
part-time,
executive, and distance learning students, many with specialized concentrations.


MBA Word List
Futile
Producing no result or effect

Patronize
Assume sponsorship of

Pertinent
Being of striking appropriateness

Preclude
Make impossible, especially beforehand

Lethargic
Deficient in alertness or activity

Prowess
A superior skill learned by study and practice

Salient
Having a quality that thrusts itself into attention

Discretion
Power of making choices unconstrained by external agencies

Collusion
Secret agreement

Veneer
Coating consisting of a thin layer of wood

Tongue-in-cheek
Cleverly amusing in tone

Heist
The act of stealing

Rig
Equip with sails or masts

Scheming
Concealing crafty designs for advancing your own interest

Mason
A craftsman who works with stone or brick

Errand
A short trip taken in the performance of a necessary task

Contingent
Determined by conditions or circumstances that follow

Feudalism
The social system in which vassals were protected by lords

Discretionary
Having the ability to act according to your own judgment

Cyclical
Recurring in a repeated sequence of events

Squander
Spend thoughtlessly; throw away

Substantive
Having a firm basis in reality and therefore important

Zealot
A fervent and even militant proponent of something

Equitable
Fair to all parties as dictated by reason and conscience

Amenable
Disposed or willing to comply

Outlay
The act of spending or disbursing money