The term 'Biz Honcho' is a slang term used to describe someone who is in a position of power or authority in the business world. The two crossword solutions for this term are EXEC and PREZ, which both stand for executive and president respectively. An executive is typically a high-level manager in a company, while a president is the leader of an organization. Both of these positions involve making decisions that affect the entire organization, and they are usually the highest-ranking individuals in the company.