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The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
not very important see minor (law) , major and minor (n.) a person under 18 years old, generally, and for legal reasons more specifically (as in "the name of the defendant is withheld because he is a minor "), or under an age legally required for certain behavior (such as drinking, voting, driving, purchasing alcohol, renting R-rated movies and ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In Canada and Australia, some of the American terms listed are widespread; however, in some cases, another usage is preferred. Words with specific American meanings that have different meanings in British English and/or additional meanings common to both dialects (e.g., pants, crib) are to be found at List of words having different meanings in ...
a single measure of whisky or other distilled spirit (used mostly in Scotland, derived from the Scots word 'hauf') fifty percent/0.5 times. large bottle of spirits ("a half of bourbon"), traditionally 1/2 of a US gallon, now the metric near-equivalent of 1750 mL; also "handle" as such large bottles often have a handle
[1] [2] Alternative terms include business culture, corporate culture and company culture. The term corporate culture emerged in the late 1980s and early 1990s. [3] [4] It was used by managers, sociologists, and organizational theorists in the 1980s. [5] [6]
These responses align more with common sense, but they hit differently once you experience them firsthand. Feel free to share your own learnings in the comments below. #1
In common usage, as in accounting usage, cost typically does not refer to implicit costs and instead only refers to direct monetary costs. The economics term profit relies on the economic meaning of the term for cost. While in common usage, profit refers to earnings minus accounting cost, economists mean earnings minus economic cost or ...