DNS
The Domain Name System, which is responsible for determining the corresponding IP address when you type a site name like www.smallbusinesscomputing.com into a browser. DNS service is typically provided by an ISP (though many small businesses also run DNS internally to locate resources on corporate networks), and it can often be a source of poor browsing performance and intermittent site connectivity problems.
Dual Band WiFi
This refers to 802.11n-compatible Wi-Fi hardware that can utilize two distinct frequencies -- the standard 2.4 GHz frequency used by 802.11b/g, and/or the 5 GHz frequency used by 802.11a. Although 5 GHz Wi-Fi devices generally have a shorter range than their 2.4 GHz counterparts, using the 5 GH z frequency can still be beneficial because it provides higher capacity -- i.e. more access points in a given amount of space-- and is far less susceptible to interference from outside sources, including from other wireless networks.
Using 5 GHz 802.11n requires a compatible access point and wireless adapters.
HomeGroup
Don't let the word "home" fool you, for small offices without a central server, Windows 7's HomeGroup feature offers basic file and printer sharing among a group of PCs without any setup headaches. All you need to create or join a HomeGroup (alas, only Windows 7 systems can do so) is a pre-defined password that's common to all computers in the group. Then you can choose which items to share as well as whether you want to allow read or read/write access.
MAC Address
Media Access Control (MAC) address, an identification code composed of six pairs of hexadecimal numbers (0-9 and A-F) that's permanently assigned, or "burned-in" to every network device (PCs, servers, printers, etc.). Unlike IP addresses, which can change, MAC addresses are unique to each device. Devices with multiple network interfaces (e.g. both wired and wireless) will have a different MAC address for each. To view the MAC address on a Windows PC, type ipconfig /all from a command line and look for the number next to "Physical Address".
Tethering
The ability to connect a mobile phone with high-speed (3G) data service to a PC, either via a cable or Bluetooth link, for use as a broadband modem. Tethering is an extremely useful way for mobile networks to access the Internet from their laptops when Wi-Fi isn't available. The catch is that not all devices or carriers allow tethering, and those that do may charge a premium for the privilege.
VoIP
Voice over Internet Protocol (VoIP) converts voice into digital signals and thus allows phone calls to travel across a data network rather than on dedicated phone lines. VoIP-based small business phone systems are generally less expensive to purchase and install, and they're easier to maintain than traditional systems.
VoIP phone systems also tend to offer a high degree of PC integration, with features like the capability to receive voice mail messages via email and to place and receive calls from a "soft phonem" or desktop software application.
So there you have it, some basic networking terms that can help you to better understand computing and help build your knowledge base as a small business owner.