Category: P

A collection of taxes that is from those who have benefited from the government’s providing of goods to the public. This tax is then used to further provide public goods for the

An offer of stocks and shares to the public from a company entering the stock market. The sale of shares is guaranteed by an under writer. The offer is only produced after

An account that stores the funds for use by public facilities such as schools, government agencies, fire, police and EMT departments, and public hospitals. These funds can only be accessed by an

The production of an item is created due to the demand that is created on a daily basis. The information for this system flows for the market direct to the manufacturer. It

An element that does not change its weight or mass when it is turned into the finished product. It contains no impurities that are burnt off or removed so the weight will

The act of organisms that can make a food stuff or organic product or item become putrid. Any food stuff that can be attacked by the micro-organisms can be made putrid. The

A ticket bought by the buyer at his/her current location, which allows him/her to make a travel from a different location. The issuance of a prepaid ticket advice (PTA) aids buyers to

Government offered securities such as Bonds, stocks, etc

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