Business Jargon Challenge: What Do They Mean?

If you "follow up" on a task, what are you doing?

Checking to see if the task has been completed or providing additional information.

What does "keeping someone in the loop" mean?

Preventing someone from participating in a project.

Keeping someone updated and informed about a situation or project.

If you are asked to "touch wood" in a business context, what are you doing?

Expressing a wish for good luck or to avoid bad luck.

What is the meaning of "burning the midnight oil"?

Working late into the night or putting in extra effort on a project.

What does the phrase "cutting corners" mean in business?

Taking shortcuts or not following the proper procedures to save time or money.