{"id":667,"date":"2026-04-17T21:05:03","date_gmt":"2026-04-17T21:05:03","guid":{"rendered":"https:\/\/pressbooks.ulib.csuohio.edu\/business-essentials-for-future-professionals\/?post_type=part&p=667"},"modified":"2026-04-17T21:05:28","modified_gmt":"2026-04-17T21:05:28","slug":"12-glossary","status":"publish","type":"part","link":"https:\/\/pressbooks.ulib.csuohio.edu\/business-essentials-for-future-professionals\/part\/12-glossary\/","title":{"rendered":"12 Glossary"},"content":{"raw":"

Words to Know<\/h2>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Term<\/strong><\/td>\r\nWhat It Means<\/strong><\/td>\r\n<\/tr>\r\n
MBA<\/td>\r\nMaster of Business Administration: a graduate degree focused on business and management.<\/td>\r\n<\/tr>\r\n
GMAT<\/td>\r\nGraduate Management Admission Test: the standardized test most MBA programs require.<\/td>\r\n<\/tr>\r\n
M7<\/td>\r\nThe seven most elite MBA programs: Harvard, Wharton, Stanford, Booth, Kellogg, Sloan, Columbia.<\/td>\r\n<\/tr>\r\n
Cohort<\/td>\r\nYour core group of classmates who go through the program together.<\/td>\r\n<\/tr>\r\n
ROI<\/td>\r\nReturn on Investment: how much you get back compared to what you put in.<\/td>\r\n<\/tr>\r\n
Opportunity Cost<\/td>\r\nWhat you give up to pursue something, like salary you forgo while in school.<\/em><\/td>\r\n<\/tr>\r\n
Recruiting<\/td>\r\nThe process where companies come to campus to hire MBA students.<\/td>\r\n<\/tr>\r\n
Case Study<\/td>\r\nA real-world business scenario you analyze and make decisions about in class.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n ","rendered":"

Words to Know<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n
Term<\/strong><\/td>\nWhat It Means<\/strong><\/td>\n<\/tr>\n
MBA<\/td>\nMaster of Business Administration: a graduate degree focused on business and management.<\/td>\n<\/tr>\n
GMAT<\/td>\nGraduate Management Admission Test: the standardized test most MBA programs require.<\/td>\n<\/tr>\n
M7<\/td>\nThe seven most elite MBA programs: Harvard, Wharton, Stanford, Booth, Kellogg, Sloan, Columbia.<\/td>\n<\/tr>\n
Cohort<\/td>\nYour core group of classmates who go through the program together.<\/td>\n<\/tr>\n
ROI<\/td>\nReturn on Investment: how much you get back compared to what you put in.<\/td>\n<\/tr>\n
Opportunity Cost<\/td>\nWhat you give up to pursue something, like salary you forgo while in school.<\/em><\/td>\n<\/tr>\n
Recruiting<\/td>\nThe process where companies come to campus to hire MBA students.<\/td>\n<\/tr>\n
Case Study<\/td>\nA real-world business scenario you analyze and make decisions about in class.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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