SURVIVOR PRINCIPLE
The concept where the most efficient method of production is used by a company in order to survive and compete in the long term.
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The concept where the most efficient method of production is used by a company in order to survive and compete in the long term.
A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.
Sign or word used to indicate or signify an idea, relationship or object.
State where 2 or more things are working together in a productive way.
A simplified 2 column account resembling the letter ‘T’ used to illustrate double entry bookkeeping. Has 3 elements, title, left hand columnar and a right hand column.
Method and industry standard used to store scanned and digital images in gay-scale, full color and black and white.
Calculated by deducting intangible assets, preferred costs of equity from the book value of a firm.
1. Contracting. Final cost that is agreed on. 2. Costing. Final cost of a service or product that needs to be achieved to generate desired sales revenue and income. See target costing.
The output that is aimed for from process or the results aimed for in admeasurement.
Deed where the seller guarantees title to the property being sold was not impaired during the time the seller held the title but there is no assurance about previous holders.
Part of person’s life where money spent if from existing assets as income has been reduced significantly.
Ratio of outstanding shares in comparison to amount of original shares before a stock split.
The simultaneous taking of 2 positions, one short and one long on 2 different instruments in order to profit from a negative move in one and a positive move in the other.
Group, organization or person who has a stake that can be affected by the organizations objectives, policies and actions. See corporate governance.
Term for state mandated provisions appearing an policies issued in that state.
Phase describing the beginning of an enterprise that secures finances for the idea.
The cost that is determined by using statistical methods on historical data.
Limits or controls that have been place on activities by its ruling legislation.
Debt security that is initially low but increases in stages until it reaches a fixed point and will stay at that rate until redemption.
Contract where a set amount is set forth as a total payment on the completing of an agreement. See lump sum contract.