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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Applied Overhead
Under the method of cost-accounting, it records applied overhead which is the fixed charge to a department in a company or specific job production. ...
Currency Substitution
Replacing the domestic currency with a foreign currency in a transaction. Governments and citizens of developing nations have used foreign currenci ...
Black Tuesday
The Dow Jones Industrial Average lost 12% or over 16 million shares in a panic selloff on October 29. 1929.
Deductible
An amount subtracted from an individual's adjusted gross income to reduce the amount of taxable income. The amount you have to pay out-of-pocke ...
Jeffrey Sachs
An American economist and Director of the Earth Institute. Sachs also teaches sustainable development and health policy and management at Columbia ...
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