Copy of `businessballs - business and management terms`

The wordlist doesn't exist anymore, or, the website doesn't exist anymore. On this page you can find a copy of the original information. The information may have been taken offline because it is outdated.

businessballs - business and management terms Category: Management > business and management Date & country: 13/09/2014, USA Words: 1681

Ordinary Interest
Interest paid which is calculated based on a 360 day year, or 12 months of 30 days

Ordinary Resolution
A resolution accepted and passed by a company's shareholders by a simple majority, i.e., more than 50%, at a shareholders meeting or by a signed postal resolution which has been sent to the shareholders

Ordinary Share
Also called Common Stock. A share in a company which entitles the owner to a share in the company's profits, and the right to vote at shareholders meetings

Organic Growth
Describes when a company develops and expands by increasing output and/or sales through its own activities, rather than by a merger or acquisitions (buying other companies)

Organigram
Also called Organisation Chart. A diagram which shows the structure of a business or organisation, showing connections between departments, jobs, etc

Organised Labour
Employees who are members of a Trade Union

Orphan Product
In medicine, a test, device, drug, etc., which may be useful for certain rare diseases or disorders but is not financially viable, so is therefore not developed for commercial use

Orphaned Technology
A term which refers to computer products, programs, etc., which have been abandoned or not marketed by their developers

Outbid
To offer more money than a rival for something, especially at an auction

Outbound Telemarketing
When a company calls prospective customers on the phone in order to sell them goods or services, compared to Inbound Telemarketing where the customer calls a company for assistance or to purchase goods

Outdoor Advertising
Also known as Out-Of-Home Advertising. Advertising which consumers can see while they are outside, e.g. billboards, newsstands, skywriting, advertising blimps, etc

Outgoings
Term used in the UK to describe money being paid out on a regular basis by an individual or a company

Outlay
The total amount of money which has to be spent to acquire an asset or start a project, including costs, taxes, delivery charges, etc

Outplacement
A service provided by a former employer which helps a terminated employee find a new job

Output Tax
In the UK, the amount of VAT (Value Added Tax) a company or business adds to the price of its products or services

Outside Shareholder
A shareholder who doesn't own more than 50% of a company's shares

Outsourcing
An arrangement in which a company produces goods or provides services for another company, usually in the same country

Outstanding Shares
Also called Outstanding Stock. A company's ordinary shares which have been issued and are owned by investors

Outward Investment
Investments which are made abroad

Overage
A company's surplus, such as money or goods, which is available but exceeds the amount needed or required

Overallotment
On the Stock Market, the offering for sale of more shares, etc., than are actually available, in the anticipation that some orders will be cancelled.

Overcapitalised
Refers to a business which has been provided with more money than it needs. To overestimate the capital value of a business

Overdraft
Refers to the amount of money that is owed to a bank because withdrawals from an account exceed deposits. An arrangement in which a bank extends credit to a customer, usually up to a maximum amount

Overheads
In business, regular costs which are incurred, such as wages, rent, insurance, utilities, etc

Overmanned
A situation in which there are more workers than are needed for a job

Overproduction
To produce more goods than are needed or wanted, an excess of supply over demand

Overriding Commission
A commission paid to an agency office manager based on business created by agents who work at that office

Overtime
Time worked in addition to normal working hours. The pay received, usually charged at a higher rate, for working outside regular working hours

Overtrading
A situation which occurs when a company expands its business too quickly and does not have enough capital to pay expenses, such as debts, wages, etc., which often results in liquidation

Own Brand
Known as House Brands in the US and Home Brands in Australia. Products which are sold by a retailer under the retailer's own name, rather than the name of the manufacturer

Owner-Operator
A self-employed commercial truck or lorry driver who uses their own vehicle to run a business.

P and P
(P&P) Postage and Packing. In the UK, The cost of packing and sending goods, usually added to the price of mail-order goods

Package Deal
A set of several products which are offered for sale and must be bought in a combined package

Packaging
Materials used to wrap a product. The way in which something, such as a product, person, proposal, etc., is presented, usually to the public

Page Break
On a computer screen, a mark which indicates where a new page will be printed in a document

Page Traffic
In computing, the number of times a web page has been visited

Paid-Up Capital
The total amount of money which has actually been paid in full by shareholders for their shares

Paid-Up Policy
An insurance policy on which no more premiums are required, and the policy is considered paid in full and still remains in force

Paid-Up Share
A share for which the shareholder has paid the full amount, as stated in the contract

Palm Top
A small computer which fits into the palm of the hand

Pan-European
Relating to all, or most of, the countries in Europe

Pants
Street slang now mainstream, referring to anything of very poor quality. Interestingly the term first appeared in the late 1800s, based on the word 'knickers' as an expression of contempt or ridicule

Paper Loss
In business, a loss which has occurred and appears in a company's accounts, but has not yet been realised until a transaction has been made, e.g. the sale of an asset which has lost value

Paper Profit
A profit which has been made but has not yet been realised until a share, etc., has been sold

Paper-Pusher
An office worker who has a boring job dealing with paperwork all day

Paradigm Shift
Term first used by Thomas Kuhn in 1962 to describe when an important or significant change occurs in the perception of things. A sudden change in point of view

Paralegal
A legal assistant who is not a qualified lawyer, but who is trained to work in or with the law.

Parastatal
In certain countries, a company or organisation which is partially or fully owned and controlled by the government

Parent Company
A company or organisation which owns more than 50% of the voting shares in another company, therefore the Parent Company controls management and operations in the other (subsidiary) company

Pareto Principle
Also known as the 80-20 Rule, e.g., 20% of employees perform 80% of the work. Or 20% of customers produce 80% of revenue. Or more generally, often situations whereby 80% of the consequences result from 20% of the causes. Commonly the ratio is (surprisingly) even more extreme. See Pareto Principle in more detail

Parkinson's Law
A humorous and generally true observation by Cyril Northcote Parkinson (British historian 1909-1993) that capacity or time is inevitably filled, for example: 'Work will expand so as to fill the time available for its completion'. See Parkinson's Law and examples, and also Parkinson's Law of Triviality, also known as the Bikeshed Colour effect

Part Exchange
Known in the US as Trade-In. A payment method, usually when purchasing a car, in which the buyer gives something they own, for example a car, as part payment to the vendor for the more expensive item. The balance is usually paid in cash or with a loan

Part-Time Worker
Someone who works less hours than a full time employee on a permanent basis for a company, usually for a set number of hours a week

Participating Performance Share
A type of share/stock which gives a company's shareholder the right to receive dividends and also extra payments relating to the company's profits

Partnership
A business which is owned by two or more people, all sharing the profits and responsibility for managing the business

Party Plan
Also called Party Selling. A method of marketing in which agents host parties, usually at someone's home, to demonstrate and sell products to invited potential customers

Pascal
A computer language which is used to write programs, also used in teaching programming

Passing Trade
Describes customers who go into a shop, public house, etc., because they notice it as they are passing by

Patent
An official document which grants an inventor or manufacturer sole rights to an invention or product

Patent Pending
A phrase sometimes printed on goods to show that a patent has been applied for but not yet granted

Paternity Leave
The right of employees, male or female, to take time off from their job following the birth of their partner's baby. Entitlement to Paternity Leave depends on how long they have been with their employer

Paternity Pay
An employee benefit paid to partners of pregnant women so they can take time off from their job after the birth of the baby to give support to the mother. Entitlement to Paternity Pay depends on how long the partner has been with their employer

Patron
A person who purchases goods or services, often on a regular basis, from a shop or company. A benefactor or sponsor who supports and/or gives money to an individual or an organisation, such as a charity

Pawnbroker
A money lender who lends cash at a high rate of interest in exchange for the borrowers personal possessions, such as jewellery, as security, which is returned when the loan is fully paid. If the loan is not repaid the Pawnbroker sells the item

Pay-As-You-Go
Refers to a method of paying for a service as you use it, such as mobile phone credit. Also can be used to pay debts as they are incurred.

Payable To Bearer
A cheque, security, etc., which can be exchanged for money by the person in possession

Paying Agent
An agent, usually a bank, that makes dividend payments to shareholders on behalf of the issuing company

Payment By Results
A system of paying employees according to the amount of work they do. Therefore, the bigger the volume of work output, the bigger the salary

Payout Ratio
Also known as Dividend Payout Ratio. The percentage of a company's net earnings paid to shareholders in dividends

PDA
Personal Digital Assistant. A small hand-held electronic device that is used for storing information and can serve as a telephone, diary, alarm clock, fax, etc

Pecking Order
The hierarchy in businesses, organisations, etc, i.e., the order of people at different ranks.

Peer Group
A social group of equals, for example, in age, social class, education, etc. A group of products or businesses which are similar

Peer-To-Peer
Also abbreviated to P2P, this describes computer systems which act as servers and are connected to each other via the internet, allowing people to share share files, so there is no need for a central computer, or traditional authority/body/agent. The concept now extends more widely to business models in various areas. See P2P acronym

Pen Portrait
A description of a person, a 'character sketch in words', now commonly a person-profile used for audience targeting purposes (marketing, recruitment, etc), although the expression dates back to the 1800s, originally referring to a description of a person, so as to produce a picture in the mind. 'Pen Picture' was an early alternative term

Pen-Pusher
An employee with a boring job whose work consists of dealing with unimportant documents, paperwork, etc

Penalty Clause
A clause in a contract which states that a specified sum of money must be paid by the party who breaks the contract

Penetration Pricing
The practice of charging a low price for a new product for a short period of time in order to establish a market share and attract customers

Penny Share
Describes shares which have a very low value and therefore appeal to speculators

Pension
A private or government fund from which regular payments are made to a person who has retired from work, or who is considered too ill to carry on working

Pension Fund
A fund set up to collect money on a regular basis from employers and employees, which pays the employees pension when they retire from work

Peppercorn Rent
In the UK, a very low or nominal payment, which was originally a single peppercorn, made to secure a lease

Per Capita
For each person in the population. Per head. An expression of something (for example car ownership, consumption, etc) in relation to the population of a particular city, nation, etc

Per Diem
Latin for 'Per Day'. Often refers to money paid to employees for daily expenses or reimbursements

Perfect Competition
Describes a market in which no one can influence prices because there is enough information about a product to prevent control by an individual or a single organisation

Perfect Storm
Coincidentally arising circumstances combining to produce a disastrous effect. This is an allusion to weather factors, commonly applied to economic or trading situations, but applicable to any disaster or chaotic outcome resulting from forces or effects whose combination and timing has not been thought likely or anticipated at all

Performance-Related Pay
A scheme set up in the workplace in which the employees get paid according to how well they perform in their job.

Perishables
Describes food, such as fruit, meat, fish, dairy products, etc., which will decay or spoil rapidly

Perjury
The criminal offence of knowingly telling a lie (with intent to influence the outcome of the hearing) in a court of law after having taken an oath or affirmation. It closely relates to and is often implicit within the offence of perverting the course of justice, which in the UK technically carries a maximum penalty of life imprisonment. The word perjury derives from Latin perjurium, meaning false oath, similar to jury which comes from jurare, meaning to swear.

Permission Marketing
A term used for the advertising of products or services on the Internet, for which the marketing company obtain the consent of prospective customers to send them information about certain products or services

Personal Action
A type of court case in which an individual claims damages for personal injury, damage to his property, etc

Personal Allowance
Known as Personal Exemption in the US. The amount of income an individual can earn in a year before paying tax

Personal Assistant
PA. A person who works for one person, often an executive, in an organisation, performing secretarial and administrative duties

Personal Day
When an employee is permitted to have time off work to deal with personal matters

Personal Development
Also called Self-Development. Acquiring abilities, skills, knowledge, etc., in order to enhance one's performance and self-perception

Personal Information Manager
PIM. Computer software which handles personal information, such as names, addresses, memos, lists, e-mails, etc

Personal Liability
An individual's legal responsibility in the event of injury to someone, damage to property and/or the debts of their own company

Personnel
The people who work for a business or organisation. An administrative department in an organisation which deals with employees and often liaises between departments

PEST Analysis
Political Economical Social and Technological Analysis. A business tool which is used in strategic planning and helps to understand the environmental influences on a business or orgasnisation

Peter Principle
Formulated by Canadian author Laurence J Peter (1919-1990): 'In a hierarchy, every employee tends to rise to his level of incompetence'. The theory that employees rise in rank in an organisation until they are finally promoted to a level, and remain there, at which they do not have the ability to do their job.

Petty Cash
A small amount of cash kept by a business to pay for small purchases