Category: M

Offsetting an income transaction with an expense transaction is the duty of an accountant.

Forecasting future behavior method of simulated real-life situations with mathematical equations as this type of mathematical modeling. Decision-theory, queuing theory, and linear programming are typical tools. Large amounts of number crunching are

Borrowing at short-term interest rates, but loaning funds long-term. Bank is in a vulnerable position.

A never-to-be-exceeded inventory. One method of inventory control is calculating maximum inventory level.

Preventive maintenance time and corrective maintenance time is tallied together, then divided by the total preventive and corrective maintenance actions occurring over a year.

An agent as an intermediary holding possession.

As a measure and standard of value in commercial transactions between buyers and sellers, these specific types of commodity, currency, or a financial instrument are used. Its ability to be used as

Draft agreement to set mutual responsibilities and scope of association. Also refer to memorandum of understanding.

Merchant’s right to detain an individual suspected of stealing the merchant’s property. Rules governing an individual’s detention vary from state to state. A merchant may not search the suspected thief, but can

A system for gathering and arranging ideas, information, or data in a collaboration group environment. A manual metaplan strategy usually begins with collecting the data on cards, then using shared criteria to

For the purposes of census data and other urban population calculations the United States Office of Management and Budget determines these specific types of geographical divisions. Primarily based on urban areas, the

Molecular level machines and structures fabrication. Microengineered pumps and motors potentially can mimic the processes found in living organisms and are barely visible to the naked eye. Also known as nanotechnology.

A specific type of business model generates these specific types of extremely low-valued profits. Revenues can come from a high transaction frequency of low-value transactions in these business models. Profits that are

In General, half of the distribution is above the mean and half is below at this point on a continuum.

Equates to one dollar of assessed property value. Property values that are paid per dollar of the assessed value of that property. A tax figure used in assessing real estate.

After a claims made policy has expired, a 60-day extension that was added to a policy’s reporting time frame becomes this automatic extension allowing the insured to make claims until extension expiration.

Sampling process requires this specific count as the smallest verification entities sample size. Sample characteristics are usually based on batch, lot, population, or universe. This is to ensure that any variation is

Compilation of meeting minutes retained in a binder or bound book for permanency. These are the detailed record of discussion and decisions at a firm’s official meetings. Typically this book is accessible

A legal obligation does not occur because a fact that exists or that does not exist is forgotten, or ignored. If a mistake of fact occurs in court proceedings, the erring court

A temporary office with limited purpose. Typically part of moveable, temporary buildings. Establishes a business environment outside of the physical confines of the office space. Also describes an office purely virtual by