Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: M

MULTIPLE RETIREMENT AGES

An employee’s retirement age, receiving benefits, either full or reduced. Three types exist: normal, early, and deferred. Normal retirement is the usual time an employee is allowed to retire and receive full

MULTIVARIATE DATA

Based on the variables types collected and used by financial analysts, profits, cash flow, risk, and even new product ideas are analyzed and estimated. The analysis of this data as statistics typically

MYERS-BRIGGS PERSONALITY TYPE INDICATOR

Classifying personalities into four categories by personality typing. This test uses independent orthogonal types or scales: (1) Extroversion (E) vs. Introversion (I), (2) Sensing (S) vs. intuition (N), (3) Thinking (T) vs.

MACHINE CONTROLLED TIME

No intervention by an operator is typical of total machine control of the machine’s work cycle segment.

MACROPRUDENTIAL ANALYSIS

Financial system studied comprehensively. The nation’s banking industry is such a system. Overall system soundness and system vulnerabilities, as well as financial shock absorption capabilities are study components. The operational system’s regulatory

MAINSTREAM

Readily-available, products and services appealing to the general public. Contrast to a very selective subset of the public.

MALTHUSIAN LAW OF POPULATION

Theory that populations grow at a geometric rate while food supplies grow at an arithmetic rate. Seen as flawed as limited factors were observed in developing this Law. Ignores essential factors: technology,

MANAGER

An individual accountable for specific tasks, or specific company areas. A staff of people typically report up to this person.

MANPOWER

1. In General, this is the personnel available or engaged for a specific job or task, as a resource supply. 2. In Economics, this is the total labor force of a nation.

MANUFACTURING SYSTEM

Organized production. Assembly lines, batch production, and computer-integrated manufacturing are some of the many existing types of manufacturing systems.

MARGINAL COSTING

The basis for choosing which product to make or which process to use in this decision-making method, using marginal cost. Also known as incremental costing.

MARGINAL PROPENSITY TO SAVE

A small, disposable income’s change proportion potentially saved instead of being spent on consumption. Divide the amount saved by the causal disposable income change.

MARINE INTEREST

When money is loaned on hypothecation on bottomry bonds, this higher-than-market interest rate covers the use and risk of the loan.

MARKET ECOLOGY

An entity’s plans, policies, and strategies collectively impacted by Cultural, economic, political, social, and technological environments.

MARKETER

On behalf of a company, one accountable to identify consumer needs and match them to the goods and services available, selling these goods and services . Also refer to advertiser.

MARTENSITE

Named after the German metallurgist Adolf Martens (1850-1914). A crystal having a characteristic body-centered tetragonal crystalline structure, formed via displacive transformation, typically steel or another mineral. Also refer to Austenite.

MASTER BUDGET

A singular budget for rolling up and summarizing all of the organization’s integrated, individual budgets.

MASTERS OF BUSINESS ADMINISTRATION (MBA)

Students who successfully graduate from their college or university’s MBA program earn this particular advanced college degree. Traditionally a student will have already received a Bachelors degree in some area of study,

MATERIEL

For a project, operation, organization, or undertaking, this is all of the required apparatus, equipment, parts, and supplies, separate from the personnel.

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