Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

BUREAU OF LABOR STATISTICS

A unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics.

BUREAU RATE

A standard price per unit of insurance set by a state’s insurance rating bureau, the association of all the insurance companies authorized to write particular kinds of insurance in that state.

BUREAUCRATIC BALANCE OF POWER PRINCIPLE

When a conflict over alternative policy proposals arises, they tend to be evaluated on the basis of the extent to which they imply an alteration in the relative power positions of the

BUREAUCRATIC LEADERSHIP

One of three leadership styles described by Max Weber (1947), along with the charismatic leadership and traditional leadership styles. The bureaucratic leadership style is based on following normative rules, and adhering to

BUREAUCRATIZATION

The combined organizational structure, procedures, protocols, and set of regulations in place to manage activity, usually in large organizations.

BURGERNOMICS

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which

BURIED POSITION

Placing an ad between other ads in a print publication, so that readers are less likely to see it.

BURNING COST RATIO

An insurance-industry calculation of excess losses divided by total subject premium. The burning cost ratio is an experience-based insurance-rating method commonly used in determining rates for excess of loss reinsurance, or the

BURST STRENGTH

Hydraulic pressure required to burst a vessel of given thickness. Commonly used in testing filament-wound composite structures. Pressure required to break a fabric by expanding a flexible diaphram or pushing a smooth

BURSTING BUBBLE PRINCIPLE

When evidence shows that other evidence contradicts the first evidence, the outdated evidence no longer exists.

BUS

Transport (a child of one race) to a school where another race is predominant, in an attempt to promote racial integration.

BUS TOPOLOGY

A bus network topology is a network architecture in which a set of clients are connected via a shared communications line, called a bus. There are several common instances of the bus

BUSBAR

When electrical power is ready to be used for transmission.

BUSHING

A clamp that grips and protects an electric cable where it passes through a metal panel or more generally, a bearing for a revolving shaft.

BUSINESS ACTIVITY

Umbrella term covering all the functions, processes, activities and transactions of an organisation and its employees. Includes public administration as well as commercial business.

BUSINESS ACTIVITY CODE

A six digit code used in business to classify the principal activity a company performs. The business activity code is used by the IRS to categorize companies for tax purposes.

BUSINESS ALLIANCE

An agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties

BUSINESS ANALYSIS

The discipline of identifying business needs and determining solutions to business problems.

BUSINESS ANALYST

(BA) analyzes the organization and design of businesses, government departments, and non-profit organizations; BAs also assess business models and their integration with technology.

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