Category: P

The total cost incurred for a good or services that is broken down into its separate elements such as labor, shipping, etc. The situation in which an estimate is required to determine

A relationship wherin an individual acts in place of another individual. The agent will work in place of the individual known as the principal.

Authorization that helps in minimalizing costs as benefits will only be approved if the medical care has been approved beforehand.

A business operation or firm that is owned and operated by private individuals rather than government agencies.

A latin term meaning for the public good. It is the provision of services that are free to safeguard public interest. See, e.g., Free Legal Advice Resources

Assets such as real estate that are in the name of the decendant. Usually, a jointly held asset or one whose beneficiary is known is not included.

The entity that is responsible for the purchase of order and the coordination of the related purchasing activities.

Resources such as labor, capital and land , which contribute to production reders to as productive resources.

Ability to take up criticism and follow up along with mindset that of an activist, and not that of a liberal or a radical.

Accumulative sum of spending (cost) on a fixed asset over the span of its lifetime, including expenditure over the repair, maintenance, and caretaking of the fixed asset.

This ensures the correct transactions have been recorded according to directions given by the company into the journals or ledgers belonging to the company.

These are the set of accounts that shows the actual position of the company in relation to finances, assets, reserves and other items. It is not the budget account but an account

This is made when more than one policy covers one incident that requires payment of medical bills. These adjustments are made to a medical bill that is covered by more than one

This is the quantity of a natural resource such as coal, oil and gas that is able to be extracted from the wells and mines that are currently operating with the same

The science of sampling opinions that are held are by the general population. We call them opinion polls and they are everywhere you look when an election is iminent. It is from

The number of shares that are for sale to the public when a company enters the stock market. These shares do not include the number of shares that are held by the

This is a surety bond that is overseen by a principal. The company putting up the surety bond guarantees that this person will carry out their job by properly managing all of

The availabilty of an invention for use by the public. An application for a patent can be done unless the invention has been in use for more than a year. If it

A sum of money that is put into the economy, usually by the government to give a boost to a slow economy. The amount is usually relatively small and goes into public

Income that is received from the use of a resource. During this use, this product is not destroyed by consumers. The income bears no relation or response to the price of the