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

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

Official Strike

Official Strike What is 'Official Strike' A work stoppage by union members that is endorsed by the union and that follows the...

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...

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...

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...

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

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

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...

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