What is a Pro Forma Invoice?
Definition: A pro forma invoice is a document sent by the seller to the buyer with the purpose of providing detailed information about a proposed transaction. This is mainly seen […]
Business
What is Social Responsibility?
Definition: Social responsibility is a set of activities carried out by an organization with the purpose of benefiting the society. Social responsibility or corporate social responsibility embraces those company actions […]
What is a Marginal Cost?
Definition: Increase in the total production cost experienced when an additional unit is produced. Simply stated, is the cost of producing an additional piece. What Does Marginal Cost Mean? The […]
What is an Annuity?
Definition An annuity is a set of payments made or received within a fixed time period, in equal and regular intervals. This means, a fixed amount of money is issued […]
What is a Stock Certificate?
Definition A stock certificate is a formal or official document that is issued to the owner of a stock. Stock Certificates typically include all relevant information associated with the ownership […]
What is a Composite Unit?
Definition A composite unit is a hypothetical measurement that combines products in a sales mix according to their proportion of sales. In other words, it allows for different products to […]
What is an Incremental Cost?
Definition An incremental cost is the amount of additional expenses a company incurs when they produce one additional unit of product or service. This calculation is similar to the cost […]
Business Education
Business Education
