Category: P

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

Same as a Ponzi scheme. One person recruits a person to a retail scheme then that person recruits people and son on and son until the first person has an increasing number

Private or state run funds that allows adults to save up for their heir’s future education at the today’s lower tuition costs.

An additive chemical that is used to prevent a food or material from decay due to the presence of micro-organisms. Preservatives also prevent unwanted chemical reactions from occuring that may potentially spoil

The interaction between the demand and supply in the free market that is used to determine the costs for a goods or service. TLD Example: The unexpected cold weather is expected to influence

A primary concept, assumption, etc that is held to be true and fundamental for a particular field, procedure, knowledge. It is used to predict the course of related entities.