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Home Dictionary H Human Resources (HR) Human Resources (HR) is the division of the company responsible for finding, screening, recruiting and training job candidates. HR also manages employee compensation programs. Human Resources also deals with compensation and benefits, as well as the dismissal of employees. He must be aware of any laws that may affect the company and its employees. Many companies have outsourced traditional HR administrative responsibilities, such as payroll and benefits, to external vendors. Middle Market Firm
September 25, 2022 Medium-sized businesses make up about one-third of the US economy. Acceptable Quality Level (AQL)
September 25, 2022 The Acceptable Quality Level (AQL) is the worst quality level allowed for a product. Accredited Asset Management Specialist (AAMS)
September 25, 2022 The Accredited Asset Management Professional (AAMS) professional title is recognized as the industry benchmark for asset management credentials and endorsed by leading financial firms. Affiliate
September 25, 2022 An affiliate is a company in which a minority stake is owned by a larger company. Agency Theory
September 25, 2022 The agency theory attempts to explain and resolve disputes about the respective priorities between principals and their agents. Always Be Closing (ABC)
September 25, 2022 Always Be Closing is a mantra used in the sales world meaning that the salesperson should always be thinking about closing deals using whatever tactics are necessary. Annual General Meeting (AGM)
September 25, 2022 Annual General Meeting (AGM) – the annual meeting of the interested shareholders of the company. Appraisal Costs
September 25, 2022 Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control. Articles of Association
September 25, 2022 The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks. Assemble to Order (ATO)
September 25, 2022 Assembly to order (ATO) is a business strategy in which products are quickly produced from components after order confirmation. Assignment
September 25, 2022 A cession is a transfer of rights or property from one person to another.# Assortment Strategies
September 25, 2022 Assortment strategy is a strategic sales tool for the retail industry, optimizing the range of products offered for sale. Attrition
September 25, 2022 Attrition occurs when the workforce in a company is reduced as people leave and are not replaced. Auditor
September 25, 2022 The main responsibility of the auditor is to determine whether the financial statements comply with generally accepted accounting principles (GAAP). Balanced Scorecard
September 25, 2022 The Balanced Scorecard is a performance metric used to define, improve, and monitor various business functions and results. Baseline
September 25, 2022 In a horizontal financial analysis, the figures for the first reporting period serve as the basis for comparing subsequent periods. Batch Processing
September 25, 2022 Batch processing is a method of automating and processing multiple transactions as a single group. Best Practices
September 25, 2022 Best practices are operating standards or ethical principles that provide the best course of action in a given situation. Board of Governors
September 25, 2022 The Board of Governors is a group of people appointed to oversee the activities of an organization, including financial matters. Boilerplate
September 25, 2022 A standard language is a single text that can be found in various standard documents such as contracts. Brick and Mortar
September 25, 2022 Traditional business refers to a traditional business that has a physical store or stores where customers browse and shop in person. Brown Bag Meeting
September 25, 2022 A brown bag meeting is an informal meeting that takes place in the workplace, usually at lunchtime. Brownfield Investment
September 25, 2022 When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities. Burn Rate
September 25, 2022 Burnout rate is the rate at which a new company uses up its start-up capital before it generates positive cash flow. Buy and Sell Agreement
September 25, 2022 Sales contracts stipulate how the partner’s share in the business can be transferred in the event of the death or departure of the partner.