Tag: labor

Knowledge Economy

DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part...

Yield Variance

What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based...
STRIKE

Official Strike

What is an official strike A strike is a work stoppage caused by the refusal of employees to work. It is usually in response to...

One Man Picture

What is 'One Man Picture' A situation in which the bid quote and ask quote for a security is provided by a...

Make A Market

What is 'Make A Market' An action whereby a dealer stands by ready, willing and able to buy or sell a particular...

Man-Year

What is 'Man-Year' A method of describing the amount of work done by an individual throughout the entire year. The man-year takes...

Absorption Costing

DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just...

Absenteeism

DefinitionAbsenteeism is a habitual pattern of absence from a duty or obligation without good reason. Generally, absenteeism is unplanned absences. Absenteeism has been viewed...

Absorbed Account

What is 'Absorbed Account' An account that has been combined or that has merged with another related account. Accounts are often absorbed...

Above Water

What is 'Above Water' 1. Refers to the condition of a company's asset when its actual value is higher than the book...

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