Demand Curve.
Graph curve that normally slopes downward towards the right of the chart (except for a Giffen good, where it slopes toward the left), showing quantity of a product (good or service) demanded at different price levels. Customarily, the price is plotted on vertical ('Y') axis and quantity on the horizontal ('X') axis, and it is assumed that (in the short run) income levels, price of substitutes, and customer preferences, remain unchanged. Demand curves of the individual products are aggregated to give a market demand curve and, when drawn together with the supply curves, show the equilibrium price at the intersection of the two curves.
Buyout
Purchase of the controlling stock or shares of a firm by its own management. If borrowed funds are used in the buyout, it is called a 'leveraged buyout.'
Duty of Care
Responsibility or the legal obligation of a person or organization to avoid acts or omissions (which can be reasonably foreseen) to be likely to cause harm to others. Duty of care is owed by an accountant in correctly preparing a firm's accounts, by an auditor in confirming an firm's financial statements correctly present its financial position, by a director to shareholders in husbanding the enterprise's resources, by a manufacturer to consumers for the safety of product, and by every party to a contract to the other contracting parties
agency shop clause
Provision in a collective bargaining agreement that all employees of the firm (whether or not members of the union) pay a fixed monthly sum to the union as a condition of employment. This arrangement (where it is legal) serves as a compromise between the union's objective to eliminate free riders, and management's objective to make union membership a voluntary decision of each employee
Every day come up with a new Buzz Term... thus enhancing knowledge everyday.
Graph curve that normally slopes downward towards the right of the chart (except for a Giffen good, where it slopes toward the left), showing quantity of a product (good or service) demanded at different price levels. Customarily, the price is plotted on vertical ('Y') axis and quantity on the horizontal ('X') axis, and it is assumed that (in the short run) income levels, price of substitutes, and customer preferences, remain unchanged. Demand curves of the individual products are aggregated to give a market demand curve and, when drawn together with the supply curves, show the equilibrium price at the intersection of the two curves.
Buyout
Purchase of the controlling stock or shares of a firm by its own management. If borrowed funds are used in the buyout, it is called a 'leveraged buyout.'
Duty of Care
Responsibility or the legal obligation of a person or organization to avoid acts or omissions (which can be reasonably foreseen) to be likely to cause harm to others. Duty of care is owed by an accountant in correctly preparing a firm's accounts, by an auditor in confirming an firm's financial statements correctly present its financial position, by a director to shareholders in husbanding the enterprise's resources, by a manufacturer to consumers for the safety of product, and by every party to a contract to the other contracting parties
agency shop clause
Provision in a collective bargaining agreement that all employees of the firm (whether or not members of the union) pay a fixed monthly sum to the union as a condition of employment. This arrangement (where it is legal) serves as a compromise between the union's objective to eliminate free riders, and management's objective to make union membership a voluntary decision of each employee
Every day come up with a new Buzz Term... thus enhancing knowledge everyday.