8/10/2019 glossary-09_GBTC_4_MSMEs

1/63

8/10/2019 glossary-09_GBTC_4_MSMEs

2/63

GLOSSARYBUSINESS TERMS and CONCEPTS

Third Edition

8/10/2019 glossary-09_GBTC_4_MSMEs

3/63

8/10/2019 glossary-09_GBTC_4_MSMEs

4/63

FOREWORD

Business enterprises constantly have to adapt to changes in the milieu within which they operate.For one, globalization has been shaping the ever changing forces that guide firms in decisionmaking. It would thus be advantageous for an entrepreneur to continuously be in the know of thecircumstanc es dic tating not only his survival, but more importantly, his ability to remaincompetitive. With the language of business likewise constantly evolving, there is a need to updateand increase the grasp by MSMEs of current business terminologies and forms of expression.

This revised and augmented edition of the GLOSSARY contains more than 1,300 business terms thathave been organized and cross-referenced for the convenience of its users. It will be helpful indealing with the plethora of new terms that have been minted to capture the dynamic nature oftodays business environment.

Readers are invited to send comments or suggestions on this publication by e-mail or mail.

The Department of Trade and Industry (DTI), through the Bureau of Micro, Small, and MediumEnterprise Development (BMSMED) will consider these inputs in its preparation of future editions ofthis material.

8/10/2019 glossary-09_GBTC_4_MSMEs

5/63

A

ABACAPEC Business Advisory Ccomposed of up to three senioon implementation of APEC also APEC.

Ability to payThe borrowers ability to mak

Accelerated depreciationAny depreciation method thaan assets life.

AccessionThe process of adding a count

NAFTA.

AccountA record of a business transacwith payment to be made later

Account balanceThe difference between the de

Accountant One who is skilled at keepinthan one who keeps books. Aand help the owner understand

Accounting period A time interval at the end of

bookkeeping records. Also, th

Accounting price A term often used synonymo

price is not market price. Accand outputs as opposed to thei

Accounts payable Money owed to an individualyet paid for.

Accounting rate of return The ratio of profit before inteof a period. Variations includand average capital for the per

Accounting ratio The ratio of the accounting pr

Accounts receivable Money owed to a business for

8/10/2019 glossary-09_GBTC_4_MSMEs

6/63

8/10/2019 glossary-09_GBTC_4_MSMEs

7/63

8/10/2019 glossary-09_GBTC_4_MSMEs

8/63

8/10/2019 glossary-09_GBTC_4_MSMEs

9/63

8/10/2019 glossary-09_GBTC_4_MSMEs

10/63

8/10/2019 glossary-09_GBTC_4_MSMEs

11/63

8/10/2019 glossary-09_GBTC_4_MSMEs

12/63

8/10/2019 glossary-09_GBTC_4_MSMEs

13/63

8/10/2019 glossary-09_GBTC_4_MSMEs

14/63

8/10/2019 glossary-09_GBTC_4_MSMEs

15/63

8/10/2019 glossary-09_GBTC_4_MSMEs

16/63

8/10/2019 glossary-09_GBTC_4_MSMEs

17/63

8/10/2019 glossary-09_GBTC_4_MSMEs

18/63

8/10/2019 glossary-09_GBTC_4_MSMEs

19/63

8/10/2019 glossary-09_GBTC_4_MSMEs

20/63

8/10/2019 glossary-09_GBTC_4_MSMEs

21/63

8/10/2019 glossary-09_GBTC_4_MSMEs

22/63

8/10/2019 glossary-09_GBTC_4_MSMEs

23/63

8/10/2019 glossary-09_GBTC_4_MSMEs

24/63

8/10/2019 glossary-09_GBTC_4_MSMEs

25/63

8/10/2019 glossary-09_GBTC_4_MSMEs

26/63

8/10/2019 glossary-09_GBTC_4_MSMEs

27/63

8/10/2019 glossary-09_GBTC_4_MSMEs

28/63

8/10/2019 glossary-09_GBTC_4_MSMEs

29/63

8/10/2019 glossary-09_GBTC_4_MSMEs

30/63

8/10/2019 glossary-09_GBTC_4_MSMEs

31/63

8/10/2019 glossary-09_GBTC_4_MSMEs

32/63

8/10/2019 glossary-09_GBTC_4_MSMEs

33/63

8/10/2019 glossary-09_GBTC_4_MSMEs

34/63

8/10/2019 glossary-09_GBTC_4_MSMEs

35/63

8/10/2019 glossary-09_GBTC_4_MSMEs

36/63

8/10/2019 glossary-09_GBTC_4_MSMEs

37/63

8/10/2019 glossary-09_GBTC_4_MSMEs

38/63

8/10/2019 glossary-09_GBTC_4_MSMEs

39/63

8/10/2019 glossary-09_GBTC_4_MSMEs

40/63

8/10/2019 glossary-09_GBTC_4_MSMEs

41/63

8/10/2019 glossary-09_GBTC_4_MSMEs

42/63

8/10/2019 glossary-09_GBTC_4_MSMEs

43/63

8/10/2019 glossary-09_GBTC_4_MSMEs

44/63

8/10/2019 glossary-09_GBTC_4_MSMEs

45/63

8/10/2019 glossary-09_GBTC_4_MSMEs

46/63

8/10/2019 glossary-09_GBTC_4_MSMEs

47/63

8/10/2019 glossary-09_GBTC_4_MSMEs

48/63

8/10/2019 glossary-09_GBTC_4_MSMEs

49/63

8/10/2019 glossary-09_GBTC_4_MSMEs

50/63

8/10/2019 glossary-09_GBTC_4_MSMEs

51/63

8/10/2019 glossary-09_GBTC_4_MSMEs

52/63

8/10/2019 glossary-09_GBTC_4_MSMEs

53/63

8/10/2019 glossary-09_GBTC_4_MSMEs

54/63

8/10/2019 glossary-09_GBTC_4_MSMEs

55/63

8/10/2019 glossary-09_GBTC_4_MSMEs

56/63

8/10/2019 glossary-09_GBTC_4_MSMEs

57/63

8/10/2019 glossary-09_GBTC_4_MSMEs

58/63

8/10/2019 glossary-09_GBTC_4_MSMEs

59/63

8/10/2019 glossary-09_GBTC_4_MSMEs

60/63

8/10/2019 glossary-09_GBTC_4_MSMEs

61/63

8/10/2019 glossary-09_GBTC_4_MSMEs

62/63

114

Second OECD Ad Hoc Meeting on Biotechnology Statistics . 2001.http://stats.oecd.org/glossary/alpha.asp?Let=A

SME Development Council. 2004. SME Development Plan 2004-2010 .

The American Heritage Dictionary of the English Language . 4th ed. 2004. U.S.A.: HoughtonMifflin Company.

The Newbury House Dictionary of American English . 1999. U.S.A.: Heinle & HeinlePublishers.

The New Dictionary of Cultural Literacy . 3rd ed. 2002. U.S.A.: Houghton Mifflin Company.

The United Nations Environment Programme. 1996. http://www.nyo.unep.org/action/ap1.htm.

The Washington Post Company. 2000. http://www.washingtonpost.com/wp-srv/business/longterm/glossary/.

UNEP International Environmental Technology Center. 1997.http://www.gdrc.org/techtran/what-est.html.

United Nations. 1997. Glossary of Environment Statistics . U.S.A.: United Nations.

United States Federal Committee on Statistical Methodology. 1978. Glossary of Non-sampling Error Terms: An Illustration of a Semantic Problem in Statistics .

U.S. Customs and Border Protection. 2002.http://www.cbp.gov/xp/cgov/import/commercial_enforcement/bioterrorism/bioterrorism_act.xml.

U.S. Environmental Protection Agency. 2004. http://www.epa.gov/ems/info/index.htm.

U.S. Legal Forms, Inc. 2004. http://www.uslegalforms.com/lawdigest/legal-definitions.php/US/US-CURRENCY.htm.

Wattanapruttipaisan, T. 2004. Glossary of Basic Terminologies in Preparing Business Plansand Business Projects . Bureau for Economic Integration, ASEAN Secretariat.

Webopedia Computer Dictionary. 2004. http://www.webopedia.com/TERM/I/ISO_9000.html.

Wikipedia: The Free Encyclopedia. 2007. http://en.wikipedia.org

Working Party on Telecommunication and Information Services Policies. 1999. Cellular Mobile Pricing Structures and Trends .

World Trade Organization. Telecommunications Services: Glossary of Terms .

World Trade Organization. 2004. http://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm.http://www.wto.org/english/thewto_e/glossary_e/glossary_e.htm.

8/10/2019 glossary-09_GBTC_4_MSMEs

63/63