Business

Government procurement is the process by which the government acquires the goods and services it needs by purchasing from commercial businesses. It is a huge…

A callable bond, also known as a redeemable bond, is a form of bond (security of debt) that enables the bond issuer to maintain the…

Contract Award means the formal document awarding the Contract to the Contractor. Contract awarding is the method used during procurement in order to evaluate the…

Callable preferred stock is a form of preferred stock that gives the company the right at a certain future time and price typically decided at…

Combined leverage is the leverage that refers to high profits due to fixed costs. The combination of operating leverage and financial leverage is called total…

A complete contract is an important concept from contract theory. The complete contract method of revenue recognition is a concept in accounting that refers to…

A clawback is a contractual provision whereby money already paid to an employee must be returned to an employer or benefactor, sometimes with a penalty.…

X-inefficiency refers to the degree of efficiency maintained by firms under conditions of imperfect competition. It is the divergence of a firm’s observed behavior in…

The cost of a company’s preferred stock is essentially the price it pays in exchange for the revenue it gets from issuing and selling the…

Productive efficiency is concerned with producing goods and services with the optimal combination of inputs to produce maximum output for the minimum cost. It is…

The unlevered cost of capital is the inferred pace of return an organization hopes to acquire on its resources, without the impact of obligation. It…

Allocative efficiency is a characteristic of an efficient market where capital is assigned in a way that is most beneficial to the parties involved. It…