Exposure to hazardous environments or substances beyond safe limits.

A quantifiable result of an activity or process.

The value of an investment portfolio after liabilities have been deducted from revenue earned.

Costs incurred when an organization is first set up.

Applying an amount of overhead costs that reflects the expense of producing goods or services.

Situation in which an economy’s production capacity fails to meet the demands of the market, which can cause or exacerbate inflation.

Calculated by dividing overhead costs over a given period by production activity.

1. Loan arrangement that enables individuals or businesses to borrow up to an agreed limit without prior approval. Overdrafts can be paid off at any time and interest is charged on the

Credit balance in a factory overhead account, caused by over-estimating the cost of overheads in a given period.

1. Trading in a foreign market when the local market is closed. 2. The time between today?s check-in time and tomorrow?s check-out time in hotels.

1. A resource that is used up during a process, that is not part of the finished product. 2. Accounting: An expenditure or cost that (1) is related to either a specific

A delivery that is guaranteed to arrive at its destination the day after it ships.

The risk that a seller in a different time zone might not fulfil their obligation, which the buyer will only discover on the following trade day. The greater the time zone difference,

This commission is paid to a primary agent for sales made by subagents in his or her territory. It may also refer to the amount owed to the owners of an acquired

A legal process that converts interest in one asset to interest in another.

Repetition of learning beyond the amount required to retain the information.

A company that can no longer manage its expenses, due to excessive costs.

1. The income from commissions received by a sales manager, based on the total sales made by his or her subordinates. 2. The payment of fees by a seller to a broker

The amount of revenue that must be generated to cover the daily cost of manufacturing.

Selfish pursuit of individual agendas by members of an organization, with no regard to the impact on the organization?s stated goals.