Before you apply for a credit card, it’s important that you know the basics. Here’s a break down of the most common credit-related terms, so you can better understand how your card works and avoid the pitfalls (and high costs) that can come when you don’t use your card properly. Annual Fee A credit card’s … Continue reading Credit Card Terms Everyone Should Know
Credit cards can be very convenient and useful, but they can also lead to stressful financial situations. That’s why it’s helpful and financially smart to understand the pros and cons of credit cards. Here are the main advantages and disadvantages you’ll want to know about. Building credit, earning cash back and benefiting from fraud protection … Continue reading The advantages and disadvantages of credit cards
What is Capital Asset Pricing Model (CAPM)? The Capital Asset Pricing Model (CAPM) is a model that describes the relationship between the expected return and risk of investing in a security. It shows that the expected return on a security is equal to the risk-free return plus a risk premium, which is based on the … Continue reading Capital Asset Pricing Model (CAPM)
What is Capital? In economics, capital consists of assets used for the production of goods and services. A typical example is the machinery used in factories. Capital can be increased by human labor, and does not include certain durable goods like homes and personal automobiles that are not used in the production of saleable goods … Continue reading Capital
What Is Capacity Utilization Rate? Capacity utilization rate measures the percentage of an organization’s potential output that is actually being realized. The capacity utilization rate of a company or a national economy may be measured in order to provide insight into how well it is reaching its potential. The formula for finding the rate is: … Continue reading Capacity Utilization Rate
What is Cannibalization? In marketing strategy, cannibalization refers to a reduction in sales volume, sales revenue, or market share of one product as a result of the introduction of a new product by the same producer. Market cannibalization is a loss in sales caused by a company’s introduction of a new product that displaces one … Continue reading Cannibalization
What Is a Canceled Check? A canceled check is a check that has been paid or cleared by the bank it was drawn on after it has been deposited or cashed. The check is “canceled” after it’s been used or paid so that the check cannot be used again. Somebody who has written a check … Continue reading Cancelled Check
Definition of Accessorial charges Accessorial charges are all additional costs, going beyond the normal procedures for transporting in various type of transport, which the customer bears. These charges are called accessorial charges or chargeable services. For example, suppose that client is moving restaurant equipment to a small shopping center. Due to the complexity of the … Continue reading Accessorial charges
Definition of Acceptance testing In engineering and its various subdisciplines, acceptance testing is a test conducted to determine if the requirements of a specification or contract are met. It may involve chemical tests, physical tests, or performance tests. In systems engineering, it may involve black-box testing performed on a system (for example: a piece of … Continue reading Acceptance testing
What is Acceptance Sampling? Acceptance Sampling is a method used in the industry for quality control. This method uses statistical sampling to inspect or test a random sample for determining whether the quality of a batch of product or service is acceptable or not. This method is used for quality control of the products or … Continue reading Acceptance Sampling