Category: P

The act of making a suggestion, declaration, proposition or plan to another party. For example, someone might suggest a different plan be carried out in order to maintain customer supplies or a

This involves the information that is held on customers and clients of a business. This information should not be told to anyone that doesn’t need to know it and never disclosed to

This is another party that is appointed to ensure that the benefactors wishes are being carried out as requested by the trustees. They don’t have alot of power but are able to

American Rule originating in 1830 by Samuel Putnum. Investors and money managers should act in the interest of the investor and not themselves when investing money for other people. Money should be

This is the money that a government spends on public services and other government departments. The money spent is to provide services that are run by the government.

A company that trades on the stock exchange. The shares can be traded and sold by any member of the public. It is governed by a set of strict regulations. They are

Known as a purpose trust. It might or might not be charitable. It is created to promote public welfare and not for the needs of any single individual.

The ordering of stock to replace the stock that has been sold. An inventory replacement system that is used by companies to replenish their stocks that are for sale. See push ordering

An economic term related to goods and services that provides services and benefit to the general public. The goods and services specified are for the public good.

When a company decides to reduce the cost of an item in order to be competitive to increase sales. Normally the price is reduced to be the lowest in the market. It

The fee paid by a company for occupying and utilizing a property for its business operations.

In the event that an employee dies before officially retiring, the preretirement death benefit pension plan is designated to the deceased.

The wages, both trade and public work, that workers in a particular area are paid. It is expressed in hourly wages and is inclusive of overtime wages and benefits.

The 4 components that are used to determine the mortgage installment on a property that is payable on a monthly basis. It can used in two ways: (1) Before the loan approval:

The requirement of an approval from the state before the interest rate is changed.

The cost incurred by the supplier or producer to supply a goods or service. Internal costs such as labor, inputs, rent are included. Costs suchas environmental damage are however not accounted for.

A firm’s storage facility that is used to store its own goods.

The estimated amount of sources of energy that are present based on geological and engineering evidence. The recovery of such resources is possible using existing technology at an economical rate. However, the

The entire process of purchasing goods that includes the purchasing decision, the selection of the goods, and the payment made by the buyer to purchase the goods. It involves (1)planning the purchase,

A two dimensional curve, used in macroeconomic analysis, drawan on a capital vs consumer goods graph. It is used to define the limitation of the economy when it comes to production and