Category: E

Having more capability to produce than is needed. Wonderful in war, but costly in manufacturing. Producing more can be a solution for reducing average costs.

Value declared for a shipment greater the carrier liability limit.

1. Something not covered, as in specific damage not covered in an auto policy. S 2. Something not included in an investigation or a tax. An example is an asset or income

Formally agreed-to restriction allowing a real estate agent to be the sole seller of a property, typically for a 3-month period. The property owner can find anyone, but must bring that prospective

The RISK of lowering ENTERPRISE VALUE by not being able to successfully gain entry into a new market, introduce a new product or service, or absorb a new acquisition.

A letter-of-credit with a beneficiary who has yet to satisfy specific conditions, that is un-expired.

A currency that is not widely used in international trade and financial transactions and is thinly traded in the FOREIGN EXCHANGE markets; the general lack of LIQUIDITY can result in increased price

Total of the weighted payoffs as predicted outcomes related to one decision. The weightings relate to the likelihood, expressed as probabilities, of varied events generating the possible payoff. Mathematically, this is the

Money spent or cost incurred in an organization’s efforts to generate revenue, representing the cost of doing business.

Actual claims in a previous by amount paid-out. Used a the basis for calculating upcoming premiums.

An illustration of an item that is not assembled so that all parts are visible.

An importer that buys directly from a foreign party to repackage and sell the brand.

Insurance for car that covers the car when the owner isnt driving. It also covers vehicles that transport others.

A party that is outside of an organization that promotion is aimed.

Whena generalization is amde from other studies that only have a part of the relevant population.

A reward that is expected but does not lead to more satisfaction. Refer to hygiene factors.

The number of buyers versus targeted audience, as a percentage. It measures the exposure to a particular ad over a specific period, to achieve a specific level of purchase of a product

Having equal rights, regardless of social, economic, or other distinctions such as income, race, or religious or political beliefs.

1. To select a choice from among more than one. An example: choosing one proposal from many for action. 2. In politics, it means, to select someone to hold an office or

Paying bills through a computer or telephone. Typically an online facility or service by some banks or merchants for its customers. Known also as electronic bill presentment and payment.