Category: M

1. In Budgeting, this is a line-by-line budget review by a committee formed for the purpose of approval, disapproval, or modification. 2. In Distribution, this is the price increases at different stages,

Falling just short of outright fraud by giving a misleading impression of a firm’s financial position in the processing and presenting of the firm’s accounting data in this type of questionable manner.

Vicarious liability rule in agency law. A principal or employer is responsible and accountable for any negligent acts of the agent or employee. Even when the agent’s specific acts were unknown to

Purchasing, receiving, handling, storing, and delivering materials used in assembly or production processes all contribute to this type of cost.

A sector in decline or having slower growth than the overall economy. Contrast to a growth industry. Also known as sunset industry.

With no regard to cost or expense this is choosing the path with the best or highest expected outcome. By contrast, optimization is selecting the most cost-effective alternative. Also refer to satisficing.

Board feet of lumber symbol for one thousand, not 1 million. One MBF equals 2.36 cubic meters or 83.33 cubic feet. Also refer to MCF.

This type of organization is hierarchical and bureaucratic. It is characterized by its (1) highly centralized authority, (2) formalized procedures and practices, and (3) specialized functions. Mechanistic organization are relatively easier and

Upon meeting the specified requirements, as a health professional this specific type of individual is accredited, licensed, and/or registered.

A solid begins to liquefy at this temperature.

if it occurs as the result of an accident, coverage usually extends to this specific type of psychological condition.

Lungs and stomach lining disease caused by inhaling or ingesting asbestos fibers is this specific type of cancer. Also refer to asbestosis.

Scrutinizing each section and statement of a given piece of work with close analysis to remove or reduce any unnecessary element or operation. Intent is a means of improving towards the quickest

Disease cause or treatment from the products of, or the microorganism itself.

specialist in offering and servicing small-balance loans to low-income groups or individuals. A microfinance institution. Gives disadvantaged entities a source to small amounts of credit. A microlender provides small amounts of capital

This is a medium-sized corporation with stock shares valued with a total market capitalization typically between one billion and five billion dollars. Best known index is S&P MidCap 400, with a $2.30

A car rental charge applied if allowed miles are exceeded in a rental agreement. Charge is typically by the mile.

Life insurance agents’ association. Members qualify by selling a minimum of $1 million of insurance coverage. An additional criteria to also be a member of the National Association of Life Underwriters as

When an out-of-state defendant commits a crime in another state, this specific legal term defines that the defendant can be brought into state court where the crime was committed for the civil

When several investors with small amounts of stock get together to gain control.