We need to submit the report to our manager by close of business today.
I suggest we finalize the contract before close of business tomorrow.
Our team has a meeting scheduled for close of business on Friday.
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One can use the phrase “close of business” to refer to the end of the working day or the time by which certain tasks or deadlines need to be completed. Here is a more detailed answer with additional elements:
“Close of business” is a common business term used to indicate the end of the working day, typically when offices or businesses close for the day. It is often used to refer to a specific deadline or timeframe by which certain tasks, reports, or actions should be completed.
For example, in the context of meeting deadlines, one might say, “We need to submit the report to our manager by close of business today.” This means that the report should be submitted before the end of the working day. Similarly, another example could be, “I suggest we finalize the contract before close of business tomorrow.” This implies that the contract should be completed and signed by the end of the following working day.
Using “close of business” helps provide a clear and specific time reference rather than relying on vague terms like “end of the day” or “by tomorrow.” By using this phrase, it helps ensure a mutual understanding of the time requirement among individuals involved in a particular task or project.
Adding a relevant quote on the topic might be: “Time is the scarcest resource, and unless it is managed, nothing else can be managed.” – Peter Drucker. This quote emphasizes the importance of managing time effectively, which includes meeting deadlines like “close of business” to ensure productivity and success in business.
To engage the reader further, here are some interesting facts related to deadlines and time management:
- The concept of deadlines dates back to ancient times when they were used as a tool for completing specific tasks or projects.
- Research suggests that setting specific deadlines can significantly increase motivation and productivity.
- Close-of-business deadlines are commonly used in industries such as finance, consultancy, and project management, where time-sensitive tasks are prevalent.
- Different regions or countries may have slightly different interpretations of “close of business,” influenced by cultural norms and working hours.
- Time management techniques, such as prioritization, delegation, and effective planning, can help individuals meet close-of-business deadlines more efficiently.
Table: Here’s an example of a simple table showcasing tasks and their respective close-of-business deadlines for a project:
|Research||Close of Business today|
|Draft Proposal||Close of Business tomorrow|
|Client Presentation||Close of Business Friday|
In conclusion, utilizing the term “close of business” in a sentence helps set clear time expectations for tasks and deadlines. Effectively managing time and meeting these deadlines is crucial for productivity and success in various industries. Remembering Peter Drucker’s quote on the importance of time management can serve as a motivating reminder to make the most of the scarcest resource – time.
Video answer to “How do you use close of business in a sentence?”
The video titled “How do you use COB in the sentence close of business?” discusses the term “close of business” (COB), which represents the end of the business day. COB is commonly used to indicate when a business is closing or when a task or project is due. It is often used in the context of deadlines, such as submitting orders by a certain time to receive them by the end of the day. COB can also refer to the end of a business week, month, or year, where tasks need to be completed and submitted by COB to meet deadlines.
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He had asked election officials to give him until the close of business next Tuesday to suggest improvement in the recount rule. The Senator announced he would leave the GOP and become an independent at the close of business on June 5. As of close of business on Friday, no deal had been done.
close of business. Sentence Examples. The placing of 106 million shares will be priced at the close of business on October 18 and the shares will begin trading one week later. But it seems that a trader at a US investment bank miskeyed an entry for a trade at the close of business.
We’re confident by the close of business Monday, we’ll be OK." Balaclava’s offer is set to expire at the close of business tomorrow. The FAA made its announcement after the close of business Monday. The price by the close of business Wednesday : $ 20.75. The price by the close of business Wednesday : $ 20.
- Cordray, by the way, to be out on his butt by close of business Friday.
- Dealing taking place after official close of business on the trading floor of an investment exchange.
Purchase orders will be processed at the close of business on the day the markets reopen. If you book by close of business tomorrow, you get 50 per cent off standard fares. Fewer examples He had asked election officials to give him until the close of business next Tuesday to suggest improvement in the recount rule.
I am confident you will be intrigued
How do you use the phrase close of business?
As a response to this: the end of the working day or the business day, especially on a financial market: Purchase orders will be processed at the close of business on the day the markets reopen.
In this regard, What does close of business mean? COB stands for "close of business" that professional organizations use when referring to the end of the business day. Many professionals base COB hours on times that businesses traditionally close in the United States, which is typically 5 p.m. Eastern Standard Time (EST).
What is the official close of business?
Answer will be: COB is an acronym for close of business, which is the end of the business day. Most companies in the United States use traditional business hours and close their doors around 5pm Eastern Standard Time. This is also the time when the stock market closes, so it’s the end of the day for many businesses in this sector.
What time is the close of business?
Response to this: While the phrase covers different business contexts, it must be understood by reference to the nature of the business concerned. Though “normal business hours” often refers to 9am to 5pm or 5.30pm, close of business for a pub or a restaurant may be after midnight.
Beside above, What time does a business close?
The reply will be: In the United States, close of business is typically 5pm Eastern Standard Time unless specified otherwise. It may also refer to the local business closing time at the company’s home office if it’s in another time zone.
Beside above, What is a close of Business (COB)?
Answer: Close of business, often abbreviated COB, is a common acronym used when requesting employees, suppliers or stakeholders to perform a specific action by the end of the day. In the business world, acronyms can save time, but they can also create confusion if everyone isn’t on the same page.
Furthermore, What happens if you book by close of Business Tomorrow?
Response: If you book by close of business tomorrow, you get 50 per cent off standard fares. He had asked election officials to give him until the close of business next Tuesday to suggest improvement in the recount rule. The Senator announced he would leave the GOP and become an independent at the close of business on June 5.
Also to know is, What does it mean to close a period of time?
Answer to this: The close of a period of time or an activity is the end of it. To bring or draw something to a close means to end it. […] Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers