Category: B

The concept that compares property ownership to a bundle of sticks with each stick representing a distinct and separate right of the property owner, e.g., the right to use real estate, to

An insurance-industry calculation of excess losses divided by total subject premium. The burning cost ratio is an experience-based insurance-rating method commonly used in determining rates for excess of loss reinsurance, or the

The latest commercial Automobile Insurance coverage form, which may be written as a monoline policy or as part of a commercial package. This form has largely replaced the Business Auto Policy.

Etiquette (pronounced [,eti’ket]) is a code of behavior that delineates expectations for social behavior according to contemporary conventional norms within a society, social class, or group.

The sum of all income and expenses which are the result of a business operated by the trust or estate.

The variety of guest types at a hotel that together make up the hotel’s clientele. A typical business mix might be part business travelers, leisure travelers and convention business.

Assumptions and other principles that are underlying a business process design and this also determines the activities or events and how they are played out.

A graduate school offering study leading to a degree of Master in Business Administration grad school, graduate school – a school in a university offering study leading to degrees beyond the bachelor’s

When a business needs their marketing and advertising services outsourced, these agents specialize in just that. Agencies in the B2B business contract their services on a paid per performance basis.

An order typically from a large institutional investor to a broker to purchase all the shares available at the market from the specialist and other brokers and dealers at the current offer

A sequence of 8 bits (enough to represent one character of alphanumeric data) processed as a single unit of information.

A asset whose changes are made to make services better.

1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.

Reviewing a parties confidential and public information to investigate their history. This done during the hiring process to clear employees with a criminal history and confirm information given. The government uses them

Making a chart starting with the result and going backwards to make subprocesses. The goal is to create output at a specific level of quality.

A guess with some knowledge. It should fall in a reasonable range.

An event that means success or failure for a company or party. This is common for new companies.

The issues that prevent communication in an office. Some of these barriers are status, gendre, cultural, prejucdices, and environment.

How new products are recieved by their users.

When a residential area is full of commuters. They work somewhere else and simply sleep at their homes.