The amount of work left on a contract when it is terminated. A contractor must finish this.

Any lecture, course, seminar, webinar or program that is made to educate a party. It is meant to give skills or information needed in their work. New advances and expertise is learned.

The act of keeping day to day transactions going for the current year and the ones to come.

Elements that do not change over time from one period to the next.

Taxing that occurs when a firm changes hands. The buying firm must keep the business going or keep most of its assets when the two merge to get tax deferred status.

A strategy that lets the seller uses a promotion to get customers they don’t have and keep the ones they do have.

Interest that is compounded and added daily to the previous days balance.

Selling based on the customers demand rather than predicting the demand. This is used in lean production.

The way a business manages their system without disrupting their services or delivery. A computer program is often used for this purpose. If the company handles data or communication needs it must

A process that uses constant production to get an end product or service. It goes on 24/7 to keep up with demand.

When an images colors blend smoothly. The look of distinct areas is gone leaving a merged image. A camera does this but the digital photos do not. AKA contone.

A set of values with differences that are too small to be measured.

1.An account that is used to offset an associated account. 2. An account that offsets another with credit. 3. An account used to offset liability for another.

When two entities trade merchandise or favors without using any money.

A debit or credit entry made in the books to balance an earlier event.

A stock owners account that shows a negative balance.

An opposing movement of a stock compared to the general market such as an electric company stock increasing in value during a recession.

A document showing a loss in reported revenue of a firm.

Any agreement, either written or oral, that changes a contract. AKA contracting action or contracting activity.

A detailed description of all changes made to a contract that have been decided upon by both parties.