Term Gyan

Term of the Day

Terms  of the Day 1.Hierarchical organization Common, pyramid-like organization where one person is in charge of a functional area (engineering, finance, marketing) with one or more subordinates handling the sub-functions. In an hierarchical organization (whether business, military, political, or religious) higher levels imply greater superiority and domination than the lower ones, and the chain of command extends straight from the top to the bottom.

hierarchical organization is in the Entrepreneurship, Management, & Small Business subject. 2.Manufacture To make a good with tools and/or machines by effecting chemical, mechanical, or physical transformation of materials, substances, or components, or by simulating natural processes, usually repeatedly and on a large scale with a division of labor. Manufactured items often are, or are made out to be, different from other similar goods in one or more aspects, and are sold commonly under a particular brand name. See also produce.   manufacture is in the Industries, Manufacturing, & Technology subject.   manufacture appears in the definitions of the following terms: Silicon Valley, demonized water, product data management (PDM), produce, and secondary industry.

scam

A fraudulent scheme performed by a dishonest individual, group, or company in an attempt obtain money or something else of value. Scams traditionally resided in confidence tricks, where an individual would misrepresent themselves as someone with skill or authority, i.e. a doctor, lawyer, investor. After the internet became widely used, new forms of scams emerged such as lottery scams, scam baiting, email spoofing, phishing, or request for helps. These are considered to be email fraud. Also see phishing, scheme.

scam is in the Advertising, Marketing, & Sales, E-Commerce and Internet & World Wide Web subjects.

Keep smiling……………..Have a nice a day.

Term of the Day(23nov 2011) cyber Monday Refers to the first Monday following the Thanksgiving Holiday weekend, and is considered a prime shopping day for online shoppers and retailers. Following Black Friday, retailers offer a number of specials that are only available to online shoppers. Free shipping is often offered as an incentive for purchases made on cyber Monday.

cyber Monday is in the Banking, Commerce, Credit, & Finance and Internet & World Wide Web subjects.

Term of the Day(22NOV 2011) Black Friday The day after Thanksgiving Day that signals the beginning of the Christmas shopping season. Retailers kick off the season by offering deep discounts on products for those shoppers lucky enough to obtain the limited supply. Brick and mortar stores traditionally open much earlier than normal business hours, including a few at 12:00 AM midnight. In recent years, e-commerce sites have begun offering discounts and free shipping on Black Friday, as well as created their own shopping holiday in Cyber Monday.

Black Friday is in the Business Communications & Presentations, E-Commerce and General Business subjects.

Term of the Day Syndicate(21NOV2011) Temporary association of two or more individuals or firms to carry out a specific business venture or project such as large scale real estate development. Syndicates are commonly treated as corporations or partnerships for tax purposes. Group of brokers or insurance underwriters who together accept the risk of buying and distributing a new stock issue or an insurance risk.

syndicate is in the Banking, Commerce, Credit, & Finance, Entrepreneurship, Management, & Small Business and General, Marine, & Life Insurance subjects.

syndicate appears in the definitions of the following terms: lead manager, information memorandum, organized crime, bought deal, and underwriter.

Term of the Day Equitable mortgage A mortgage in which the lender is secured by taking possession of all the original title documents of the property that serves as security for the mortgage. It gives the mortgagee the right to foreclose on the property, sell it, or appoint a receiver in case of nonpayment. Equitable mortgage is in the Banking, Commerce, Credit, & Finance and Corporate, Commercial, & General Law subjects.