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Definition of Make-Work Project
A project, such as digging holes and filling them up again, that has no useful purpose other than to make work.
A federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week.
A project with a negative initial cash flow (cash outflow), which is expected to be
An unemployed person who gives up looking for work and so is no longer counted as in the labor force.
when the incremental revenue from the sale of reworked defective units is greater than
A project whose acceptance or rejection is independent of the acceptance or rejection of
an investment project that has no specific
A situation where an increase (or decrease) in the benefits of one
A dealer is said to make a market when he quotes bid and offered prices at which he stands
a decision that compares the cost of
A production scheduling system under which products are only
A production scheduling system under which products are completed
a set of proposed capital projects from which one is chosen, causing all the others to be rejected
Two or more projects that cannot be pursued simultaneously.
a set of proposed capital projects that are all related and that must all be chosen if the primary project is chosen
Net working capital
Current assets minus current liabilities. Often simply referred to as working capital.
net working capital
Current assets minus current liabilities.
a flexible organization structure that
Personal Responsibility and Work Opportunity Reconciliation Act
A federal Act requiring the reporting of new hires into a national database.
An investment opportunity for a company
the purchase, installation, and operation of a capital asset
project cost of capital
Minimum acceptable expected rate of return on a project given its risk.
Debt finance, usually non-recourse, provided by financial institutions for the development and construction of a new project.
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
Project loan securities
Securities backed by a variety of FHA-insured loan types - primarily multi-family
Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes,
Project notes (PNs)
project notes are issued by municipalities to finance federally sponsored programs in
Projected available balance
The future planned balance of an inventory item,
Projected maturity date
With CMOs, final payment at the end of the estimated cash flow window.
Future-oriented financial information prepared using assumptions that reflect the entity's planned courses of action for the period.
Refers to a product that does not meet a company’s minimum quality standards,
The refurbishment of a faulty part.
total expected value (for a project)
the sum of the individual cash flows in a probability distribution multiplied by their related probabilities
Any items being converted into finished goods or released from
Inventory that has been partially converted through the
Goods or services that have commenced the production process but are incomplete and unable to be sold.
A fixed period of 168 consecutive hours that recurs on a consistent basis.
Workers' Compensation Benefits
Employer-paid insurance that provides their employees with wage compensation if they are injured on the job.
Defined as the difference in current assets and current liabilities (excluding short-term
Current assets less current liabilities. Money that revolves in the business as part of the process of buying, making and selling goods and services, particularly in relation to debtors, creditors, inventory and bank.
total current assets minus total current liabilities
The amount of a company’s current assets minus its current liabilities;
Current assets minus current liabilities
Funds invested in a company's cash, accounts receivable and inventory. Net working capital is current assets minus current liabilities.
Working Capital Cash
The cash component of working capital.
Working capital management
The management of current assets and current liabilities to maximize shortterm liquidity.
Working capital ratio
working capital expressed as a percentage of sales.
Informal arrangement between a borrower and creditors.
Agreement between a company and its creditors establishing the steps the company must take to avoid bankruptcy.
Realignment period of a temporary misaligned yield relationship that sometimes occurs in
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