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Definition of Work Week
A fixed period of 168 consecutive hours that recurs on a consistent basis.
A method for calculating wages for hourly employees that involves
A pay premium of 50 percent of the regular rate of pay that is earned
A federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week.
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, such as digging holes and filling them up again, that has no useful purpose other than to make work.
Current assets minus current liabilities. Often simply referred to as working capital.
Current assets minus current liabilities.
a flexible organization structure that
A federal Act requiring the reporting of new hires into a national database.
Refers to a product that does not meet a company’s minimum quality standards,
The refurbishment of a faulty part.
The common recurrent low or negative average return from Friday to Monday in the stock market.
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.
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
Temporary Life Insurance
Temporary insurance coverage is available at time of application for a life insurance policy if certain conditions are met. Normally, temporary coverage relates to free coverage while the insurance company which is underwriting the risk, goes through the process of deciding whether or not they will grant a contract of coverage. The qualifications for temporary coverage vary from insurance company to insurance company but generally applicants will qualify if they are between the ages of 18 and 65, have no knowledge or suspicions of ill health, have not been absent from work for more than 7 days within the prior 6 months because of sickness or injury and total coverage applied for from all sources does not exceed $500,000. Normally a cheque covering a minimum of one months premium is required to complete the conditions for this kind of coverage. The insurance company applies this deposit towards the cost of a policy at its issue date, which may be several weeks in the future.
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