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OOF – Out of facility, used interchangeably with out of office and originating from the Microsoft Xenix mail system [11] OOO – Out of office; OPEX – Operating expenditure or operational expenditure; OTIF – On Time In Full; OTC – Over-the-counter (finance)
For example, Milton Friedman said that calling the business cycle a "cycle" is a misnomer, because of its non-cyclical nature. Friedman believed that for the most part, excluding very large supply shocks, business declines are more of a monetary phenomenon. [43] Arthur F. Burns and Wesley C. Mitchell define business cycle as a form of ...
Payback period in capital budgeting refers to the time required to recoup the funds expended in an investment, or to reach the break-even point. [1]For example, a $1000 investment made at the start of year 1 which returned $500 at the end of year 1 and year 2 respectively would have a two-year payback period.
Order to cash (OTC or O2C) normally refers to one of the top-level (context level) business processes for receiving and processing customer orders and revenue recognition. . Order to cash is an essential function in finance; the entire cycle of events happens after a customer places an order until the customer pays for the order; that is, the order is converted to c
Unemployment has a short-run cyclical component which depends on the business cycle, and a more permanent structural component, which can be loosely thought of as the average unemployment rate in an economy over extended periods, [6] and which is often termed the natural [6] or structural [7] [5]: 167 rate of unemployment.
The multiplier–accelerator model can be stated for a closed economy as follows: [3] First, the market-clearing level of economic activity is defined as that at which production exactly matches the total of government spending intentions, households' consumption intentions and firms' investing intentions.
Cash flow, in general, refers to payments made into or out of a business, project, or financial product. [1] It can also refer more specifically to a real or virtual movement of money . Cash flow, in its narrow sense, is a payment (in a currency ), especially from one central bank account to another.
Definition [ edit ] According to the four stages of a business cycle (expansion, peak, contraction, trough), an expansion is an upward trend when a country's economy experiences relatively rapid growth as measured by a rise in industrial production, employment, consumer spending, and utilization of resources.