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60 Results for 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 of human kn

Yield Variance

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

Official Strike

Official Strike What is 'Official Strike' A work stoppage by union members that is endorsed by the union and that follows the legal requirements for striking, such as being voted on by a m

One Man Picture

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 single source. A one man picture is a two-way price given by a br

Make A Market

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 security at the quoted bid and ask price. Explaining 'Make

Man-Year

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 the amount of hours worked by an individual durin

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 as an indicato

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 the costs of materials and labour

Absorbed Account

Absorbed Account What is 'Absorbed Account' An account that has been combined or that has merged with another related account. Accounts are often absorbed into existing accounts as a way o

Above Water

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 value used in its financials. Explaining 'Above Water' 1.
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