Dogs associate the sounds(or body movements) with reward NOT the meaning of the word. Example, when I tell my dog "Cookie" pronounced in a certain fashion she goes to the back door and waits. If I say "Boodie" in the same tone then off to the back door and she waits. There are many many variables in a situation that must be controlled before one can pin point the understanding of the meaning of words and terms.
If you raise a child using "Cookie" or "Boodie" - in the same tone - as meaning back door it will learn that they both mean back door.
Thats one of the reasons I hate to hear parents using baby talk with their infants. Ive seen a case where the poor kid was starting preschool and thought foo-foo meant vacuum cleaner, din-din was the only word it knew for breakfast, lunch or dinner and go-go was a car.