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Business administration

Business management best practices including corporate strategy development, financial management, human resource management, information management, resource planning, marketing and sales.

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Business administration > Financial management

planning, programming and budgeting system

Business administration; Financial management

A widely used technique of accounting which, like zero-based budgeting, originated in the United States. It usually follows five steps: (1) set overall objectives for the ...

rate setting

Business administration; Financial management

An old-fashioned term for the process of setting piecework rates of pay for a job. The process is more often included now under the term work measurement.

institutional investor

Business administration; Financial management

An organization that invests in shares and other securities with funds obtained from a large number of individual savers; for example, a bank, insurance company or trade union.

budget-based institution

Business administration; Financial management

An organization that is required to prepare, and work to, a budget.

tax-deductible

Business administration; Financial management

Any business expense that can be deducted from income before the calculation of tax due.

profit

Business administration; Financial management

Any financial gain resulting from business activity. It is basically the excess of income over expenditure for a given period of time.

risk capital

Business administration; Financial management

Capital invested in an enterprise with a high risk of failure, though usually with the possibility of a large financial gain.