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

AD HOC COMMITTEE

A committee that is created to supervise a task. This is the most common committee type.

AD PAGES SOLD

The page views on an ad that a firm has sold to an advertiser. AKA the sell through rate.

AD SERVER

A computer system that has ads on it and maintains them for websites. They track and report statistics to help identify possible customers.

AD VALOREM TARIFF

Additional charges added to an item based on value not on physical characteristics.

AD VALOREM TAX

An additional charge put on an item that is a percentage of its value.

ADAM SMITH

The father of economic theory. He has written severla books on markets and economics.

ADAPTABILITY

The way a company or entity reacts to change. It requires learning and competition.

ADAPTATION

Changing a work to make it meet a certain need. Or changing an idea to make it work for a situation.

ADAPTIVE ORGANIZATION

An organization that keeps up with rapid change by acting like a chameleon. Employees have more decision power.

ADDENDUM

A document attached to clarify or modify a part of a contract.

ACTIVITIES, INTERESTS, OPINIONS (AIO)

The individuals lifestyle choices used to make a market profile. When added with demographic information buying behavior is determined. AKA attitudes, interests, and opinions. Refer to values adn life styles.

ACTIVITY ATTRIBUTES

The capacity of any activity. This includes time and cost drivers to name just two factors.

ABANDONMENT

the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the

ABATEMENT

1. Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. 2. Environment: to reduce or eliminate polluting or hazardous substances. This is

ABBREVIATED ACCOUNTS

A simplified financial statement that a specific small firm is allowed to file. It is filed with the registrar of companies in the United Kingdom. Almost half of the active UK firms

ABC AGREEMENT

When an employee and brokerage firm do business this is the resulting contract. It is done in the form of an outline that lists the rights of the firm. This agreement is

ABC ANALYSIS

A systems analysis of items in order of importance that should be handled differently. This form of Pareto analysis in which the importance is listed by ‘A’ items are very important, ‘B’

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