Category: Finance

A style of leadership in which any male leader makes use of his superlative powers to maintain control. Or, it could also mean acting similarly to a father, to protect children from

A model used commonly by search engines, in which advertisers will only have to pay if they get clicks from other sources after users click on them.

Known as a payor bank, any bank which can draw or accept a bill of exchange is a payer bank.

The total amount of money that a company needs to pay its employees. Also in the form of a paysheet, which calculates all deductions and net payments.

A process which allows employees to take their complaints to the managers or employers. Usually a jury or board.

The total income of the country, divided by the total popluation of the country. It is not the average income but provides a clear indicator of the living standards of the country.

Any number that is used to determine the percentage position with a number of data samples. For instance, if the performance of an employee is at the 57th percentile, then his performance

Dangers that might be associated with sea travel. Usually involves high winds, two ships colliding, hitting a submerged object, etc.

Any device that can be connected to the computer for input, output or communication functions. Examples include printer, scanner, keyboard, mouse, etc.

The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.

Usually a set of skills that must be possessed by any person to become eligible for any job, which requires those skills.

The percentage at which an individual saves his/ her disposable income.

The substance that is left behind after pesticide application. The WHO states that it can include specified derivatives, such as metabolites and impurities which are known to have toxicological significance.

A strategy used for implementation purposes, in which a certain product, policy, change or process is introduced slowly, replacing the older processes. Complete replacement does not take place immediately.

Any substance/ material which can be broken down in to its constituent forms, due to the reaction that is caused when it comes in to contact with the UV rays of sunlight.

Picketing is the name given to the industrial action usually taken by workers of a trade union, known as pickets, who assemble in front of the company, or the home of the

A concept of economicts, put forward by Arthur Cecil Pigou, a classical economist. The Pigou effect states that due to a significant decrease in the prices of proudcts, a ‘wealth effect’ would

A feature provided in various spreadsheet programs, allowing the spreadsheet to be view from a variety of different arrangements in order to depict the same data.

A test carried out for plants in which each portion of the plant is carefuly defined and pondered upon, in order to check the coordination between the different materials.

Plug and Play is a term used for a feature in personal computers, which allows them to recognize any device that has been ‘plugged in’ to a computer. Examples include monitors, keyboards,