Category: G

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.

One of four different types of benchmarking. In unrelated industries comparing the performance of similar organizational processes. Drives toward setting new standards by improving performance and processes used.

To reduce risk exposure to events affecting one region, this investment strategy develops a portfolio comprised of companies across different geographic regions.

A person above average in one or more talents. Usually a child. An example is any child of seven or less who is able to play an instrument at near adult level.

Highly scrutinized, most investment firms avoid this practice. Who is entitled to the commission fee on a transaction that an investment broker posts for another investment broker but takes record of full

Intertwined economic activity of various countries considered worldwide by their impact on other countries negatively or positively. Examples are the faltering European governments and their impact on the financial markets world wide.

Targeting growth for sales of products or services worldwide, an organization plans product development.

One principle is that performance is enhanced when a person sets specific goals. Setting tougher goals drives higher performance than setting easier goals is a second principle. This is a motivational technique

To accept a ‘voluntary separation’ or retirement proposal, this incentive is offered to an unwanted employee. Also refer to golden handshake.

Entity status in terms of being up-to-date for anything due, like dues, reports, other criteria, as a member of an organization.

Commissions as a percentage paid per an achievement schedule. Category or amount of policies written is the basis for the step-wise levels of commissions paid.

A new business or a new location having its official opening. Customers alerted to the opening are drawn to come and see. During such an opening most stores offer special promotional items

Waste water relatively clean. Sourced from the kitchen, or tub or sink or shower, not the toilet, and laundering. Usable with little or no treatment for landscape irrigation and other non-potable uses.

Un-taxed, un-adjusted, total annual income earnings. Is the amount of money an entity earns in one year from all sources, before taxes. Gross annual income is the starting base figure.

Country’s total expenses, both public and private, excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

The life cycle stage beyond start up that involves more competition for market shares.