OPEN SHOP
Open shop firms may be any of the following: 1. Firms that don?t require employees to be members of a union, 2. Firms that refuse to deal with unions, 3. Firms where
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Open shop firms may be any of the following: 1. Firms that don?t require employees to be members of a union, 2. Firms that refuse to deal with unions, 3. Firms where
The first bookkeeping entries of a new firm, account or accounting period.
1. Any person or a device that enables another device to function. 2. A function used in mathematics, usually given a symbol (such as + or -). 3. In telecoms, one might
Any system that enables the storage of digitized data on magnetic media (e.g. CDs, DVDs), with database indexing so that data can be retrieved online.
The price to be paid by an investor for an option contract, based upon the security of the underlying asset and the time left until the option expires.
Harmful effects caused by ingesting a toxin.
Agencies that only sell ordinary life insurance.
1. Similar to a living organism, with clear and functional internal structure and consistent life cycle of birth, growth, decay, and death. 2. Compounds (natural or synthesized) that contain carbon.
Resources at an organization?s disposal, including human resources, material resources, financial resources, information resources and intellectual resources.
A typically hierarchical framework of authority, accountability, communication, and allocation of responsibility. Organizational structures should reflect the goals of the organization if they are to be successful.
Used in elevations, floor plans and drawings of building sections, orthographic projections are 2D isometric views of a 3D object at right angles to the views and lines of sight, drawn to
Non-pension benefits received by a retired employee.
Measurement of treatment given to patient, and of response to that treatment.
1. Products, services, work or energy that is produced by a company, machine or individual in a given period. 2. Computing: Information suitable for transmission from a computer to external devices; transferring
1. The amount by which an overhead has been over absorbed. Added to budgeted profit in end of period accounts. 2. When the overhead applied to a work in progress is more
A combination of direct and fixed labor costs involved in the manufacture of a product.
A legal process that converts interest in one asset to interest in another.
Overtime that has been planned ahead of time, to facilitate early completion of a job, or to provide ?out of hours? support.
A committee that operates under the corporate governance department on an organization and performs various duties that depend on the company. However, their main focus is on the evaluation of the company’s
A loan that is considered to be nonperforming due to nonpayment of interest or the uncertainty regarding the collection of principal. For example, nonpayment of interest for 90 days deems that the