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

Category: M

MOTEL

Term for motor hotel. Road-side, overnight accommodations facility. Offers little or no amenities other than parking space, like attached bathroom or room service.

MUDARIB

In the mudaraba, this is a manager who shares in the profits once the work is begun by the contracted individual. This manager provides the management, business acumen, and the products/services the

MULTIMEDIA

Education, entertainment, or training through computer hardware and software using animation, audio, graphics, text, and full-motion video occur with this type of integration.

MULTISOURCING

Several providers are used to execute an essential business function. These sources are internal and external and divide the activities and services need. This gains better control over the cost and accountability

MUTUALITY DOCTRINE

All contracting parties must enforce a contract for the contract to be legally enforceable, as a legal principle.

MACARONI DEFENSE

When a company requires securities be purchased at a high cost preventing a hostile takeover.

MACRO RISKS

The nation’s economic relations with another nation as potential political issues. An example is a country’s middle class population revolting. Actions within or outside governmental control are viewed as potential risks.

MAIL SHOT

Unsolicited marketing material in a bulk distribution occurring in the UK. Also refer to spamming.

MAJOR ITEM

The operational capability of a machine, plant, or system would be impacted but not be a catastrophe if this item were unavailable.

MALLEABILITY

Beating, rolling metal into very thin sheets, allowing metal to be bent and twisted into practically any shape without cracking or rupturing as that metal’s characteristic.

MANAGEMENT DEVELOPMENT

Organizational development portion covering executive-level employees recruitment, assessment, and training to equip them for higher positions in leadership . This process typically includes: (1) cognitive thinking development, idea generation, and decision making,

MANIPULATION

1. In General, this is the handling of an implement or situation in an artful, expert, and skillful way. 2. In Law, this is appearing to deceive by false or misleading actions.

MANUFACTURING DEFECT

A deviation from design specifications during production resulting in a product’s defect, frailty or shortcoming.

MARGINAL COST

Production run’s total cost increase or decrease for making one more item unit. Situational computation: When fixed costs have already been absorbed by the already produced items and only the direct, variable

MARGINAL PRODUCTIVITY THEORY OF DISTRIBUTION

Formulated 1890’s distribution theory. States that until its marginal product value, which is revenue or yield resulting from the input, equals the input’s cost, capital and/or labor input to production will continue

MARKET COORDINATION

Interaction of demand and supply in the market generates the price signals that cause an ongoing and spontaneous coordination of separate economic activities of individuals engaged in a division of labor.

MARKET TIMING

Stages of economic cycles, health of the economy, direction of interest rates, inflation, and stock-share prices factor into this timed shifting of money from one type of investment into another.

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