right given to an inventor for a limited period of time; this right allows the
inventor to treat an idea as his/her property and to prevent anyone else from
using it without his/her permission.
In a hierarchy every employee tends to rise to his
level of incompetence.
their holders certain rights in priority to the ordinary shareholders,
especially as regards entitlement to dividends and entitlement to repayment of
capital is the company is wound up. They are normally rewarded at a fixed rate
of dividend but may have rights to participate in profits by way of further
dividend. Except in special circumstances, they do not normally carry voting
rights. Sometimes, preference shares carry conversion and/or redemption rights
enabling the holders either to convert their investment into ordinary shares or
to realize it at some future date.
Placement (also known as Private financing or Private offering)
method of raising capital by offering for sale an investment or business to a
small group of investors (generally avoiding registration with securities
use of hypothetical figures (based on future expectations) in financial
statements to represent future expenditures, debts and other potential financial
stage of the innovation process where research is translated into a product or
process through evaluation, adaptation and demonstration.
designed to convince the prospect that they have a wide range of functionality
to choose from today and after they buy will not be locked into a single product
or service environment in the future.
arrangement for a franchisee to use the name and to produce the product line of
the franchiser or parent corporation.
measurement of the number of goods produced during a specific amount of time.
revenues less total expenses.
that is unique and legally owned by an enterprise. The technology may be
integral of the product or service being offered or it may be used in the
production of the product or service.
most common legal form of business ownership; the majority of all small business
are proprietorships. The liability of the owner is unlimited in this form of
model that demonstrates the validity of the concept of an invention (laboratory
prototype); a model that meets the needs of the manufacturing process and the
user (production prototype).
Keep Your Computer-tired Eyes Healthy
Investor Rule or Standard
legal doctrine that requires fiduciaries to make investments using the prudence,
diligence and intelligence that would be used by a prudent person in making
similar investments. Because fiduciaries make investments on behalf of
third-party beneficiaries, the standard results in very conservative
investments. Until recently, most regulations required the fiduciary to apply
this standard to each investment. Newer, more progressive regulations permit
fiduciaries to apply this standard to the portfolio taken as a whole, thereby
allowing a fiduciary to balance a portfolio with higher-yield, higher-risk
company whose shares are sold to the public at large.
markets for trading in equity shares such as common stocks, preferred stock and
warrants. Includes markets for both regularly traded and non-regularly traded
solicitation for participation in an investment opportunity.
process by which a product is checked and tested to ensure consistent standards
of high quality
yield obtained on a security or other investment based on its purchase price or
its current market price. The total rate of return is current income or minus
capital appreciation or depreciation.
The moral responsibility of every manager to
communicate reasons and plans.
initial stage of the innovation process, which includes idea generation and
and Development Financing
tax-advantaged partnership set up to finance product development for start-ups
as well as more mature companies.
agreement with a lending institution for an amount of money, which cannot exceed
a set maximum, over a specified period of time. Each time the borrower repays a
portion of the loan, the amount of the repayment may be borrowed yet again.