GLOBAL SOURCING
A business’s procurement strategy for establishing the most cost efficient location for a manufactured product. typically located in a foreign country. As is currently true, a company closes the domestic factory and
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A business’s procurement strategy for establishing the most cost efficient location for a manufactured product. typically located in a foreign country. As is currently true, a company closes the domestic factory and
Also known as scenario analysis. Mapping and tracking one or more sources of data into a proposed process to potentially achieve a desired set of one or more expectation. Using varying steps
Each member country of the International Monetary fund (IMF) contributes this amount of gold as part of its membership obligations to the fund. Each country can easily borrow against this amount when
Sometimes legally binding due diligence around the effort made, information given, or transaction done, honestly, objectively, with no deliberate intent to defraud the other party. Yet, this does not cover a sin
Measure of angle in units of 1/100th of a right angle or 0.9 degree. Known also as grade.
Repeal of anti-affiliation statutes of the Glass-Steagall Act. Renewed the legal right banks to consolidate with financial-security companies. Repeal legislation passed in 1999.
1. Selling in unauthorized sales-territory, or using unauthorized dealers in an authorized territory. Undercutting authorized sales territories and authorized dealers with prices lower than wholesale or distributor charges. Shady market of genuine
Nickname to an investor that does not experience a high return on profit, even though consistently investing.
Employee’s serious wrongdoing justifying instant dismissal.
Accounting procedure. Posting cash discounts on purchases against a journal entry’s full invoice amount. Recording the discount can treat it as non-revenue if deducted from the original debited amount or as revenue
Leased land payment to the owner. Allows the lessor to improve the land. However, the property returns to the owner as-s at the end of the lease.
When stocks with good earnings and growth are bought with no accounting for the prices. They have low dividend yield and less protection. They are more risky and the interest changes depending
A guess based on broad assumptions and calcuations.
Inventory that is seperated in three categories. They are general items used often, unique items used in one way, and specific items only in one product.
Value increase posted on the company’s balance sheet, reflected in the company’s financials. Caused by the profitable sale of an asset, a valued instrument.
The process of deliberately mismatching ASSETS and LIABILITIES in order to take advantage of an anticipated change in INTEREST RATES. Although gapping has the potential of generating greater returns, it can also
1. In General, this is an access point to an agency, a system, or specific information. Typically is another agency or mechanism that provides access. 2. In Computer networks, this is a
1. Has several principals as business or professional clients. 2. Authorized to act in a client’s or principal’s behalf in specific or all business dealings, like banking or legal. Also refer to
One prime contractor requirements on accountability for the entire project are set in the construction contract. Delivery and payment terms, breach-of-contract and prescribed remedies are examples of some of the requirements covering
Specific cost area, job, or task tracked in this ledger account holding unassociated labor and nonlabor expense records.
This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.