Tag: approach
Zero-Based Budgeting (ZBB)
What is 'Zero-Based Budgeting - ZBB' Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for...
Valuation Clause
What is a Valuation Clause
A valuation clause is a clause in a contract that stipulates the value of goods or services to be exchanged....
R
What is 'R' 1. An occasional fifth letter in a Nasdaq-traded company's ticker symbol that identifies the stock as a rights offering....
Ragnar Frisch
What is 'Ragnar Frisch' A Norwegian economist and joint winner in 1969 of the very first Nobel Prize in Economics, along with...
A Priori Probability
What is 'A Priori Probability' A priori probability is a probability calculated by logically examining existing information. A priori probability can most...
Kaizen
Definition
Kaizen, is the Japanese word for "improvement". In business, kaizen refers to activities that continuously improve all functions and involve all employees from the...