A tax idea that parties that benefit more from government expenditures pay more taxes to support that very expenditure fund. Refer to ability to pay principle.

When the market is segmented by differences in benefits a product has to offer. It tries to define a niche for promotion.

The conditions that must be met before any benefits are paid to the party.

A tax rule that states people pay taxes based on benefits they get from the state.

A union between Belgium, Netherlands, and Luxembourg. It was stared in 1948 to decrease imports and let labor and capital move between the countries. Its now a part of the European Union.

A condition that has no cancer or harm. It is not a concern health wise.

A highly flammable hydrocarbon. Its a solvent and feedstock. Products such as paint, plastic, and rubber have it in them. It comes frm toluene or coal. It is a carcingoen. AKA benzol,

The effect that benzene has through contact with people. It causes dizziness, headaches, and nausea. In very severe cases death by respiratory failure.

When a board of directors is placed in charge. The owners rely on them to run things for them. Ownership and control are separated.

A wall built in 1961 to separate West Berlin and East Germany. It was a reminder of the iron curtain and taken down in 1989.

In 1946 three more freedoms were added to the 1944 Chicago convention. The US and the UK allowed an airline to pick up cargo or passengers from their mother country and get

An OPTION that can only be EXERCISED on specific dates prior to maturity (e.g., once every month, quarter, or year). Also known as a MIDATLANTIC OPTION. See also AMERICAN OPTION, EUROPEAN OPTION.

AClass 3 Bermudaregistered INSURER that is authorized to write and purchase INSURANCE and REINSURANCE and deal in DERIVATIVES. In order to comply with regulatory restrictions, banks often use transformers to convert derivatives

An international copyright treaty. It addresses treatment, protection, and forbids imposition on certain types of literary work. It was signed in 1886 and revised in 1914, 1928, 1948, 1967, 1971, and 1979.

How a company determines their status in a fiscal period. The gross income and operational costs are used in this calculation.

1. a place where passengers sleep on a ship or train. 2. where a boat is moored when loading and discharging passengers or cargo.

When output and prices are set based on the idea that the competition will not change their prices. Refer to Cournot competition.

When two suppliers compete. They choose their own selling price and than meet demand. The cheaper of the two will probably have more customers. Sometimes the demand is split in half. They

A metal found in alloys that is toxic. It is used in aircrafts, rockets, missiles, spacecrafts, and nuclear reactors. If exposed for less than 50 days poisoning occurs. The result is fatality

To indicate or signal at a trend. If stock doesnt perform than the market will not either.