SUNK COST
Money spent and lost permanently.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Money spent and lost permanently.
Situation where leaders gradually and deliberately turn over power, authority and responsibilities to a team that is self-managed.
Expenses that are incurred in activities that are not associated directly with production.
Property not being used but is held by a state government. It may be out of date of not working.
The business that takes advantages of its employees and work them under hazardous or harsh conditions paying minimum wages.
An assessment or written or oral facts that are stated under oath, an affidavit, for example.
A loan that is large and jointly arranged by 2 or more financial institutions to share any risks. Also known as Multi bank credit or syndicated credit.
The approach that is methodical, repeatable and able to be learned by a step-by-step procedure.
Means of carrying out a strategy that is planned to deal with a moments demands.
Assets listed as plant equipment, property including machinery, cash, anything that has a physical existence.
Part of the gross weight that can be deducted as weight of ghee packaging or container.
An investor’s or analyst’s opinion about a security’s future price that will be offered for the next 12 months.
The accounting practices that incorporate laws for taxation that is regulated by the IRS.
1. Contracts: A stipulation where the contract rights of those involved is adjusted according to the formula agreed to as each stage is completed. 2. Utility Bills: A stipulation where the monthly
This number, found by dividing the total sales revenue in a given period by the average inventory, is the number of times that a firm sells out of its merchandise.
This process is necessary if the items in demand outweigh availability. A governing body will control the issuance of the goods to the public. Rationing takes place during wars and severe economic
Readiness is the state of being prepared though people, systems and organizations to meet a situation and carry out the proper sequence of actions. It is based on thorough planning and training.
A payrate that is adjusted to account for the effects of inflation.
This term refers to the returning of something back to its original factory specifications, by carrying out replacement of parts or repair as necessary. See also reconditioning, refurbishing, and remanufacturing.
The first point of contact in an office; receptionists are seated at the entrance and do a variety of tasks including answering phones, distributing mail, signing for packages, office upkeep.