Category: M

A variable’s iteration having no data present. Although deemed common, it is an issue in using remaining data to predict the futures affiliated with the data with any certainty. Also known as

To avoid inventory accumulation different goods are made every day. It is based on the daily anticipated demand. Mixed model production gives best results when shipment dates are linked to production schedules,

Probability of loss resulting from the weaknesses in the financial model used in assessing and managing a risk.

To increase steel’s resistance to corrosion in making high speed steels or stainless steel, this metal is added to iron.

The amount of intrinsic value an asset has.

A computer simulation that tries to predict an assets life path.

Repaid the same trading day to purchase securities pending delivery, this is a specific type of bank loan to a stock broker. Also known as day loan.

For annual interest payments made on real estate loans, this is a IRS tax write-off allowed most homeowners .

1. Conversion device making mechanical energy or imparting motion from electrical or other energy. 2. Muscular movement concerns or involvement.

Using several varied marketing schemes to obtain consumer business. Web sites, catalogs, telephone calls, mail, and television advertisements are typical, modern schemes. This marketing approach requires good management systems in the supply

The achievement of the organization’s specific objectives occurs due to members with varied but complimentary experience, qualifications, and skills gathered together as this specific type of group. Also refer to multifunctional team.

An entity managed from one home country and in business in several countries. A company or group is considered a multinational corporation if deriving 25% of revenue from out-of-home-country operations.

An equation with two or more independent variables with applied regression analysis applied.

Statistical data analysis procedure involving more than one measurement or observation type. More than one dependent variable is analyzed simultaneously with other variables as a problem is solved.

Logically condition where only one choice can be made, thereby excluding all other choices.

Typical in large, established organizations that have formalization and specialization at a high degree. Top level making decisions, lower levels mechanically carrying then out is this type of management structure.

A subject of study. Macro is the behavior of entire, aggregated economies or economic systems. In contrast, Micro is the behavior of individuals, individual firms, or more local markets. National income forecasting,

1. Descriptive term for the average working middle-class American. 2. Typically a city or town’s primary street.

In auto insurance, this is an event that could lead to jail-time and/or severe penalties: driving under the influence of alcohol, driving with a revoked or suspended license, an unlicensed driver driving

Insurance coverage for a doctor, surgeon, psychiatrist, psychologist, nurse, a hospital, other medical/healthcare professional or institution if guilty of dereliction of duty due to negligence or incompetence. Pays for the defense of