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Definition
| A professionally qualified person who has responsibility for keeping accurate accounts and for producing the final accounts |
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| The financial records of a firm's transactions |
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| Aquisition (also takeover) |
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Definition
| When one business buys out the owners of another business which then becomes part of the 'predator' business, i.e. the firm which has taken it over. Also called takeover |
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| An independent person or business that is appointed to deal with the sales and distribution of a product or range of products |
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| A simple way of planing an advert's design: it stands for: Attention, Interest, Desire, Action |
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| Annual general meeting (AGM) |
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Definition
| A legal requirement for all companies; all shareholders may attend. They vote on who they want to be on the board of directors for the coming year and on other issues raised ny the board or themselves |
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Definition
| Method of assessing the effectiveness of an employee, usually involving an interview with a senior member of staff |
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| The part of the profit and loss account which shows how the profit after tax is distributed - either as dividends or kept in the company as retained profits |
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Definition
| A person who listens to both sides in a industrial dispute (trade union and management) and then gives a ruling on what the arbitrator thinks is fair to both sides |
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| The items of value which are owned by the business, e.g land, buildings, equipment and vehicles. |
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Definition
| Instructions and strategies are issued from above with little oppotunity for contributions to decision-making from less senior employees |
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Definition
| The total cost of production divided by total output |
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Definition
| The record of the difference between a country's exports and imports |
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Definition
| Shows the value of a firm's assets and liabilities |
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Definition
| Products are made in batches of a certain quantity, usually as orders come in |
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Term
| Best fit (also line of best fit) |
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Definition
| A line drawn through a series of points, e.g sales data, which best shows the trend of the data. |
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