Category: M

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

Potential risk tied to company managers’ decisions made in the interest of shareholders and the company at large. Poor decisions or self-serving decisions made by management will potentially destroy shareholder wealth.

A 4-week period of one person’s productive effort represented as a unit of work. Also known as labor month.

Industries making chemical, mechanical, physical material transformations, substances, and components into consumer and industrial goods. This is known to be an uncoordinated and highly competitive collection of industries.

Production’s total costs change due to making or producing a single additional item. This cost helps to isolate an optimum production level and to determine the point a company achieves economies of

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

US risk-management consultant William Margrabe invented this in 1978. Exchanging of one asset for another as the basis of a futures contract, like a cross currency option. He also devised a price

Market forces causing direction and responses.

ownership Claim defect-free, claim-free, and lien-free. Asset or property owner can freely sell it. Also known as good title.

An entity’s most appealing asset as it typically is worth the most or is the biggest contribution to the entity’s overall bottom line. A marquee asset is also known as a trophy

A firm embodies and projects over all its other brands this particular type of singular, dominant brand.

Typically requiring four years of study and obtained from a college or university, this is a distinction as a higher level of education. A master’s degree program exists in almost all industries

The complete cycle flow of materials, and the associated flow of information defined as this type of planning and control of the supporting functions. In typical sequence: (1) identification, (2) cataloging, (3)

Payable matured bond with accumulated interest.

Certain water delivered contaminants in a user’s public drinking water supply has this limited highest allowable concentration.

Meals and entertainment directly related to business operation are this paid amount, for income tax purposes. The IRS allowance for a business to deduct meals and entertainment expenses from its income is

1. News, entertainment, education, data, and promotional messages are sent world-wide through this type of communication channels. Every broadcasting and narrow casting medium, like newspapers, magazines, TV, radio, billboards, direct mail, telephone,

discarded from medical facilities, blood or body tissue, and bedding, bandages, syringes, and the like are this specific type of biologic waste.

A solvent firm’s liquidation by a resolution passed for voluntary shutdown of the business by its shareholders who also typically choose and appoint the liquidator. It requires a statutory solvency declaration by