Category: Finance Dictionary

Economic concept that marginal productivity determines labor demand and labor’s marginal product value determines the wage rates. Also known as marginal productivity theory of income distribution.

Output’s market value after adding a single input unit. Multiply the marginal product by the added output unit’s selling price. Also known as marginal revenue product.

In a given market, as a percentage of a saturation level, a count of active retail and/or wholesale outlets selling a specific firm’s brands. Following a concentrated marketing, a differentiated marketing, or

1. In an open and competitive market, a buyer willingly pays and a seller willingly takes this highest estimated, and acceptable, price for an item . 2. In Accounting, this is the

Describing, and wrapping or encapsulating data and its attributes using a specialized computer language. A markup language embeds processing instructions, called tags, in electronic documents. This is done to accurately style and

One legal document that consolidates separate but related agreements between the same signing parties. Also known as master contract.

A trust company manages several trust properties as a single trust property acting as a trustee for a group of associated trustors or firms under this type of custody arrangement.

A taxpayer is identified as a material participant in a business by this specific type of criteria. Income received by the taxpayer from that business will be identified as active or passive

One that is functioning without change or innovation or has no growth.

Environment’s toxic substance concentrations range starting at ‘no observable adverse effect level’ and limiting at the ‘lowest observable adverse effect level’.

Cubic feet symbol for one thousand, not 1 million). It equals 28.32 cubic meters.

Making investment decisions through sophisticated computer programs. Mechanization depends totally on coded logic, calculations and computerized modeling

Derived from a portion of the employee’s premium payments, employer contributions make up this specific type of account. With the remainder eligible for cash withdrawal, the employee pays for any medical expenses

Each month a tally of participants considered to be members.

An advisor, counselor, or guide to a junior or trainee active in a training system seen often in companies for employees. A senior or more experienced individual is the assigned mentor. Providing

From a communicator to a receiver, the central or primary content or information, or underlying idea or theme in an ad is transmitted.

in a production process with manual tasks, this is a specific way of establishing performance benchmarks. Methods-Time-Measurement uses statistics and research to assign durations to each physical movement involved in a task.

Rail-borne or truck-borne cargo transfers directly onto ships at this specific type of port facility. Also refer to landbridge.

Constant close, detailed, and often demotivating scrutiny of employees’ work.

White-collar, non-manual workers, lower-level managers, and small business owners make up this specific type of social class. Holds about one-third of the country’s employed population. This class’s income is higher than the