ACTIVITY COST DRIVER
A factor which contributes or influences the expense of various business operations. In an activity based costing (ABC), the activity cost driver is something which stirs the cost of a specific activity. For example, a factory may take a running machinery as an activity. The machine operating hours which would stir the maintenance, power consumption, and cost of labor of running the machinery activity maybe the activity cost driver associated with running the machinery.
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Foreign
Any corporation that is organized under the laws of another country.
Range Accrual
A form of interest accrual in which the coupon rate is only earned on days when another rate from which the coupon is derived falls within a specif ...
Golden Leash
Special incentives offered to nominated directors to become part of the firm’s board by a major shareholder. It is designed to offer an incen ...
Cyclical Stock
Equity security whose price by affected by fluctuation in the overall economy. Normally, it is related to firms selling discretionary items custome ...
Ahn Cheol-Soo
The former CEO and founder of Ahnlab,a Korean anti-virus software company. Ahn (commonly known as Charles Ahn) was born in South Korea in 1962. He ...
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