Jargons

Investiture Culture- the act or process of investing.

Divestiture Culture- the act of taking away property rights etc.
Self-Actualization- the achievement of one's full potential through
creativity, independence and a grasp of the real world.
Social loafing- it is the phenomenon of a person exerting less effort to
achieve a goal when they work in a group than when they work alone.
Transformational leadership- it is a style of leadership where a leader
works with subordinates to identify needed change, creating a vision to
guide the change through inspiration, and executing the change in
tandem with committed members of a group.
Transactional leadership- it focuses on supervision, organization, and
performance; transactional leadership is a style of leadership in which
leaders promote compliance by followers through both rewards and
punishments.
The law of demand-It is a microeconomic law that states, all other
factors being equal, as the price of a good or service increases, consumer
demand for the good or service will decrease, and vice versa
Stagflation-A condition of slow economic growth and relatively high
unemployment accompanied by inflation, and a decline in Gross
Domestic Product (GDP).
Keynesian Theory of Employment-it says that the volume of
employment in a country depends on the level of effective demand of the
people for goods and services.
Business cycle- fluctuation in economic activity that an economy
experiences over a period.
Broad money- it is a measure of the money supply that includes more
than just physical money.
Job Analysis-It is a process to identify and determine in detail the
particular job duties and requirements and the relative importance of
these duties for a given job.
Job description- it is an abstract of a job analysis containing the
classification of and requirements for a job, used in hiring and placing
prospective employees.
Job specification-A job specification describes the knowledge, skills,
education, experience, and abilities you believe are essential to
performing a particular job. The job specification is developed from the
job analysis.
Validity-State of being legally acceptable
Reliability- the overall consistency of a measure
Structured Interview- It is an interview in which all questions are
prepared beforehand and put in the same order to each interviewee
Balanced Score Card- is a performance metric used in strategic
management to identify and improve various internal functions of a
business and their resulting external outcomes
Total Quality Management- is a structured approach to overall
organizational management. The focus of the process is to improve
the quality of organizations outputs, including goods and services,
through continual improvement of internal practices
Halo Effect- The halo effect is a term used in marketing to explain the
bias shown by customers toward certain products because of a favorable
experience with other products made by the same manufacturer.
Maslow’s Hierarchy of Needs- Maslow's hierarchy of needs is a
description of the needs that motivate human behavior. They are
Physiological needs, Safety needs, Belongingness needs, Esteem needs
and Self-actualization
Termination at will- It refers to clause in employment agreements by
which an employee or employer can terminate the employment
relationship at any time for any or no reason at all
Time Work- Work done and paid for by the hour or day.
Piece Work- Work done and paid for by the piece
Depreciation and Amortization- Depreciation is allocating the cost of
a tangible asset over its useful life and Amortization is he paying off of
debt with fixed repayment schedule in regular installments over a period
of time
Direct and Indirect Taxes- Direct taxes are the taxes that are directly
paid to the government by the taxpayer whereas indirect taxes are the
taxes that are applied on the manufacture or sale of goods and services
Accounting Principles- are the rules and guidelines that companies must
follow when reporting financial data
Accrual Principle of Accounting- principle of accounting which requires
recording revenues when they are earned and not when they are received
in cash, and recording expenses when they are incurred and not when
they are paid.
Capital and Revenue Expenditures- Capital expenditures are for fixed
assets, which are expected to be productive assets for a long
period. Revenue expenditures are for costs that are related to
specific revenue transactions or operating periods, such as the cost of
goods sold or repairs and maintenance expense
Operating and Non-Operating Income- Operating Income measures the
amount of profit realized from a business's operations, after
deducting operating expenses such as cost of goods sold (COGS), wages
and depreciation. Non-operating Income is the portion of an
organization's income that is derived from activities not related to its
core operations like profits and losses from investments, gains or losses
incurred due to foreign exchange
Equity and Dividend- Equity is the difference between the value of the
assets and the value of the liabilities of something owed
A dividend is a distribution of a portion of a company's earnings, decided
by the board of directors, to a class of its shareholders

Name: Sanket Acharya

Roll no: UH17046