ORGANIC ORGANIZATION
Organic organizations consist of employees of similar status without formal job titles or responsibilities, so individuals can perform the tasks to which they are best suited. Decision making is informal without resort
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Organic organizations consist of employees of similar status without formal job titles or responsibilities, so individuals can perform the tasks to which they are best suited. Decision making is informal without resort
Costs incurred when an organization is first set up.
1. The arrangement of several entities into a logical pattern or structure. 2. Pulling together the resources necessary to achieve shared objectives.
A transaction that has resulted in the exchange of goods or services, but has not yet been paid for.
Any treatment an insurance policy holder receives that is outside of the usual service area.
1. Accounting: The sum of all costs that are incurred during the acquisition of an asset or property. Includes taxes, the retail price and additional charges for installation and delivery. 2. Economics:
A quantifiable result of an activity or process.
When production capacity exceeds the demand for a product.
Situation in which an economy’s production capacity fails to meet the demands of the market, which can cause or exacerbate inflation.
Occurs when a salesman continues trying to sell a product even after a consumer has agreed to buy it.
Occurs when assets are created that benefit individuals at the expense of the company.
An entity whose involvement as a defendant in a case has no bearing on the outcome. The entity is usually called upon due to court procedures mandating its presence in the case.
Assets such as the interest on a bank deposit, that are only recorded only upon the realization of the earnings.
Also referred to as interest only loan, it is an arrangement on a loan which requires the borrower to pay periodic installments to cover only the interest amount. The principal amount is
Investments and Finance that are carried out without the traditional inflow and outflow of cash.
The modification of loan terms that grants eligibility to borrowers with very limited financial strength. The term ‘non-conventional’ is used an indication of the tools employed to modify the loan terms and
Noncompliance with the requirements to reveal information.
An industry whose services have no correlation to financial goods or services and investments.
The opposite of linear systems, it refers to the system whose external factors may be disruptive and non-additive. Non linear systems cannot be broken down into smaller parts and then put back
A provider who is not contracted with a health plan, or one who is prohibited from participating in Medicare.