What is Metropolitan Statistical Area (MSA)? Metropolitan Statistical Area (MSA) is a designation used by the Office of Management and Budget (OMB) to refer to a delineation consisting of multi-county clusters with a population density of at least 50,000. An MSA broadly consists of a city with communities closely linked and exhibits a high degree…
What is Measuring Natural Gas (MCF)? MCF is an acronym equivalent to one thousand cubic feet that are derived from the Roman numeral M for 1,000, combined with cubic feet (CF) for volumetric determination of natural gas. Consider a well with the capacity to produce 500 MCF per day. The natural gas well’s daily production rate…
What is Merchandising? Merchandising is the practice of promoting products that are available for retail. It entails selecting promotional tools available to both the manufacturer and the retailer – dubbed as a promotional mix. Merchandising strategies include personal selling, sale promotion, marketing strategies, creating coupons, and discounts. More broadly, merchandising may refer to in-store or…
What is Microcredit? Microcredit is an extremely small loan given to those who lack a steady source of income, collateral, or any credit history. It aims to support and kickstart entrepreneurs who are unable to obtain the financial backing needed to start a small business or capitalize on an idea. It is also more common…
What is Modified Adjusted Gross Income (MAGI)? The Modified Adjusted Gross Income (MAGI) is a measure used by the Internal Revenue Service (IRS) to determine if a taxpayer is eligible for certain deductions or contributions to a Roth IRA. The IRA also uses MAGI to determine if a taxpayer is eligible for certain educational tax…
What are Midstream Oil Operations? Midstream oil operations are one of the three stages in the oil and gas energy operations. The other stages include upstream and downstream. The initial phase in oil and gas operations is known as the upstream operations, which includes activities involved in drilling and producing hydrocarbons in large quantities. Midstream…
What is a Millage Rate? A millage rate is a numerical multiplier attached to the value of a property and is used to calculate the local property taxes. It represents a dollar per thousand of a property’s assessed value. The product of the total taxable value of the property and the millage rate is compiled…
What is a Micromanager? A micromanager is a manager who is excessively involved in the day-to-day performance of employees. They adopt a management style that focuses on the day-to-day routine of individuals and team members. Although the micromanagement style may produce quick responses, it can be overly demoralizing, demotivating, and frustrating to the subordinates, and…
What is Microfinance? Microfinance is a term for financial services that are offered to individuals of lower socioeconomic backgrounds or those who lack access to traditional financial services. Microfinance includes a number of services, such as savings accounts, checking accounts, fund transfers, microinsurance, and microcredit. Microfinance originally started with microcredit, which is the practice of…
What is a Mobile Wallet? A mobile wallet is a type of virtual wallet that stores credit card numbers, debit card numbers, and loyalty card numbers. It is accessible through an app installed on a mobile device, such as a smartphone or tablet. Customers use mobile wallets to make in-store payments, and it is a…
