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Management is a type of labor with a special role of coordinating the activities of inputs and carrying out the contracts agreed among inputs, all of which can be characterized as "decision making". [1]
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
books, the: a phrase indicating membership in the family. If there is a possibility for membership, then the books are open. If not, the books are closed. boss: the head of the family who runs the operation. [3] The boss also gets points from all family business; also see don, chairman.
Entrenchment, Entrenched or Entrench may refer to: A trench; Entrenchment (fortification), a type of fortification; Military trenches with relation to Trench warfare, especially that of World War I; An entrenchment clause within a constitution, a clause impervious to or somewhat shielded from the amendment process.
Many corporate-jargon terms have straightforward meanings in other contexts (e.g., leverage in physics, or picked up with a well-defined meaning in finance), but are used more loosely in business speak. For example, a deliverable can become any service or product. [9]
Bell nipple: An enlarged pipe at the top of a casing string that serves as a funnel to guide drilling tools into the top of the well.; Big bear: A big bear is a hitch (see hitch) that lasts a minimum of 50 straight days.
An entrenched clause or entrenchment clause of a constitution is a provision that makes certain amendments either more difficult or impossible to pass. Overriding an entrenched clause may require a supermajority , a referendum , or the consent of the minority party.
In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.