CORRUPTION
Dishonest behavior or wrongdoing by individuals in power including managers or government officials. It pertains to any act that are illegal, immoral, or incompatible with ethical standards. Some examples of corruption include double transactions, under-the-table deals, manipulating election results, giving or accepting bribes or inappropriate gifts, diverting funds, laundering money, and defrauding investors, among others. In finance, one example of corruption is an investment manager operating a ponzi scheme.
POPULAR TERMS
Property Tax
Local governments assess property tax on real estates. The tax is often based on the property’s value.
Onerous Contract
A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
It is an accounting term that refers to all current business expenses not including o direct labor, direct materials or third-party expenses which ...
Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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Renovate or Move?
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