Category: V

1. Accounting. Alternate term for Gross income. 2. Economics. Difference of sales revenue and costs to produce. See economic value. 3. Marketing. Creating an advantage over the competition by adding more products

Charges for a service not based on time taken but on the price of the service.

Marginal output of an input times the unit price of output.

Mindless and malicious harm and injury to another’s property.

Abnormal behavior of a market where higher priced goods are bought even though lower priced substitutes are available.

Side of book on the left-hand side with an even page number. Opposite is recto.

1. Confer right of legal ownership. 2. Confer legal authority, rights, power. 3. Designation of endowment of power, authority, rights.

Sealed auction bid where successful bidder pays second top price. Also known as second bid auction, second price auction.

1. In regard to; compared with. 2. French- face to face.

Method of waste disposal using high temperatures to immobilize and encapsulate radioactive and hazardous materials.

Amount of volts of potential difference of a circuit.

Degree of people, resources, property, environments are susceptible to be harmed, degrade, destroyed or exposed to hostile factors.

Generating a positive return on resource investment that can’t be stopped without process impairment.

Activities adding value that are linked and convert input to output and add to the bottom line.

Analysis of gods and services offered to a company’s customers for payment.

Gaseous form of a solid or liquid.

Set of numbers or elements arranged in a table as rows and columns.

UK. Against in proceedings of criminal nature. US. Against in all proceedings.

Agent commissions even if he no longer works for the insurer that come from renewal of business.

Person harmed by criminal acts, attack target.