Legal Articles

MARKET INEFFICIENCY

Negligence or breakdown of buyer-seller communications leads to gaps in publicly available demand and supply information acerbated by current prices that do not reflect this true situation. Also refer to market failure.

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MARKET OPPORTUNITY ANALYSIS

For a product identified as a market opportunity, market factors that may influence the demand have these types of forecasting techniques used as an application.

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MARKET RETURN

All portfolio assets value-assessed to establish this expected return on the overall theoretical market portfolio.

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MARKET VALUE POLICY

To settle a claim based on a property’s assessed market value, an insured obtains this type of homeowners insurance policy. Contrast to the higher actual cash value: replacement cost minus depreciation minus obsolescence. Also, refer to actual cash value policy and replacement cost policy.

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MARKETING CONTROLS

In achieving their marketing objectives firms monitor and regulate their marketing activities, employing this set of practices and procedures.

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MARKOV CHAIN

Sequence of stochastic events based on probabilities instead of certainties. The current state of a variable or system is independent of all past instances, except for he current present state. Stock/share price movement, and a firm’s market share increasing or decreasing, are examples of Markov chains. Named after the Russian mathematician Andrei Andreevich Markov (1856-1922), the inventor of Markov analysis. Also known as Markov model. Also refer to Markov process.

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MARXIST

A follower of the Marxism ideology and its principles.

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MASTER DISTRIBUTORSHIP

Within a specified geographical area, a distributor with the right to appoint sub-distributors is authorized by a manufacturer in this specific type of arrangement.

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MATCHING PRINCIPLE

An Accounting term that is a fundamental concept of accrual basis accounting. It offsets revenue by expenses based on their cause-and-effect relationship. It states that the costs incurred in a period should be matched against the revenue generated in the same period while measuring net income for an accounting period,.

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MATERIAL RECOVERY

Separating and processing waste products to reclaim usable material is the emphasis of this type of resource recovery method.

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MATRIX ORGANIZATION

The horizontal flow of skills and information moves easily through this type of organizational structure. The management of large projects or product development processes uses this type of structure. Employees come from different functional disciplines as team resources, yet stay in their respective day-to-day positions.

 

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MATURITY MIX

90day treasury bills to 20year corporate bonds as examples of various assets in an investment portfolio having wide ranges of maturity periods as a varied maturity mix.

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MAXIMUM LOSS

The loss a firm would incur by not diversifying.

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MEAN TIME TO REPAIR (MTTR)

The maintainability of repairable items quantified as a basic measure. The time required to repair a failed component or device is tallied, then averaged to arrive at MTTR.

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MEDALLION PROGRAM (STAMP)

The veracity that a person is who he or she claims to be, supporting the guarantee by this specific institution that the individual who signs a stock or certificate is that person. STAMP is approved by the Securities Transfer Association. Banks, credit unions, and US brokerages belong to STAMP programs.

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MEDIA VEHICLE

An advertising campaign uses media that is print or electronic in this specific type of method.

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MEDICAL SUPPLIES

Treating an illness or injury by using these specific required Items.

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MELTING POINT

A solid begins to liquefy at this temperature.

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MENTAL HEALTH SERVICES/SUPPLIES

To treat mental illness, substance abuse, or alcoholism these specific types of supplies are needed.

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MERCHANDISING DIRECTOR

A manufacturer or a retailer sales program manager as a responsible type of individual.

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