ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC)
The most famous cartel in the world, made up of 12 major producers of petroleum (constituting about 40% of global oil exports). It was created in 1960, to fix crude oil prices
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The most famous cartel in the world, made up of 12 major producers of petroleum (constituting about 40% of global oil exports). It was created in 1960, to fix crude oil prices
This process entails staffing and resource allocation to immediate and long-term goals, and is one of the most vital responsibilities of a management team.
To commence existence.
A record of a company?s debt obligations that don?t pay out interest on the loan?s principal amount.
Money that the company must pay out (e.g. salaries, supplies, rents, taxes). Hopefully, the total outbound cash flow will be less than inbound cash flow (i.e. money coming into the business).
A market analyst recommendation that means a stock will generate slightly better returns than the market as a whole.
Credit balance in a factory overhead account, caused by over-estimating the cost of overheads in a given period.
Describes the bit of roof that extends beyond an exterior wall.
The risk that a seller in a different time zone might not fulfil their obligation, which the buyer will only discover on the following trade day. The greater the time zone difference,
Medicines that can be purchased from a pharmacist without prescription.
Also known as categorical variables or the variables in financial equations that are not dependent on the rate of inflation and other such factors.
A freight forwarder or shipment consolidator who does not have ownership of the vessel, but assumes responsibilities for the shipments and issuing its own bills of lading and airway bills.
Generic Goods that bear close resemblance to the goods produced by popular brands and establishments. And as such, they are considered to be of low quality and price due to market perception.
The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in
An account that can be collected more than a year from the date of the balance sheet.
A financial instrument such as a bond or a stock that is not a part of the other equities held by the company.
A risk with a high probability of loss, or failure to accurate measure the risk actuarially. As such, the risk cannot be insured.
Injuries that are sustained at work are not insured under this policy due to their coverage under the workers compensation.
Advantage gained by a product over its competition not by virtue of its attributes but by the creation of a distinct brand image through exclusive promotions, widespread distribution, superior customer service, etc
A ticket that prohibits monetary compensation when returned, but can be refunded for a fee.