Financial Terms Mortality tables

Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.

# Definition of Mortality tables

## Mortality tables

tables of probability that individuals of various ages will die within one year.

## Mortality Tables

This is a statistical table used by life insurance companies showing the probability of death of male and females at all ages.

# Related Terms:

## Input-output tables

tables that indicate how much each industry requires of the production of each other
industry in order to produce each dollar of its own output.

## Morbidity Tables

These are statistical tables used by life insurance companies showing the probability of disease of male and females at all ages.

## Mortality Rate

The death rates for various age groups of the population.

## input-output coefficient

a number (prefaced as a multiplier
to an unknown variable) that indicates the rate at which each
decision variable uses up (or depletes) the scarce resource

## Full-Employment Output

The level of output produced by the economy when operating at the natural rate of unemployment.

GDP.

## Output Gap

The difference between full employment output and current output.

## Potential Output or Potential GDP

output produced when the economy is operating at its natural rate of unemployment.

## Aggregate Production Function

An equation determining aggregate output as a function of aggregate inputs such as labor and capital.

## Cost object

Anything for which a measurement of cost is required – inputs, processes, outputs or responsibility centres.

## efficiency

a measure of the degree to which tasks were performed
to produce the best yield at the lowest cost from
the resources available; the degree to which a satisfactory
relationship of outputs to inputs occurs

## Market Mechanism

The system whereby using prices, the interaction of supply and demand allocates inputs and distributes outputs.

## material yield variance

(standard mix X actual quantity X standard price) - (standard mix X standard quantity X standard price);
it computes the difference between the
actual total quantity of input and the standard total quantity
allowed based on output and uses standard mix and
standard prices to determine variance

## Productivity

output per unit of input, usually measured as output per hour of labor.

## program budgeting

an approach to budgeting that relates
resource inputs to service outputs

## standard quantity allowed

the quantity of input (in hours or some other cost driver measurement) required at standard for the output actually achieved for the period

## yield

the quantity of output that results from a specified input

## yield ratio

the expected or actual relationship between input and output

Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.