What is Logistics? Logistics, or logistical planning, refers to the process that a business uses in order to coordinate its supply chain operations. It includes a wide variety of tasks and activities, such as managing how raw materials or inputs are acquired and transported to the business, how inventory and inputs are stored at the…
What is an Air Waybill (AWB)? An air waybill (AWB) is a legally binding transport document issued by a carrier or agent that provides details about the goods being shipped. It provides detailed information on the contents of the shipment, the sender and recipient, terms and conditions, and other information. The AWB is a standard…
What is an Alternative Trading System? An Alternative Trading System (ATS) is a trading venue that matches buyers and sellers for transactions. What is unique about it is that it is not regulated as an exchange like traditional stock exchanges, but is registered as a broker-dealer, focusing on finding counterparties (buyers and sellers) for security…
What is the Adjusted Closing Price? The adjusted closing price is a calculation adjustment made to a stock’s closing price. The original closing price is the final price in which a stock, or any other particular kind of security, trades during market hours on that specific trading day. However, the original closing price does not…
What is Agency by Necessity? Agency by necessity is a term used to describe a relationship in which one party makes essential decisions for the other party in the event of an emergency. Such a relationship is recognized by the legal system. How Does Agency by Necessity Work? Agency by necessity enables the agent to…
What is the Accumulation Phase? The accumulation phase refers to the time in the life cycle of an investment when an individual or an investor builds up the value of their annuity or investment. It is the second phase in the process of investing. The fundamental principle at work that makes it possible…
What is an Advertising Budget? An advertising budget is a company’s allocation of promotional expenditures over a specified time period. It is a measure of a company’s planned expenditure on accomplishing marketing objectives. The advertising budget is where a company’s strategic marketing objectives and cost-benefit analysis converge in its operational plans. The Three Pillars of…
What is Adverse Possession? Adverse possession is a legal principle that states that a person can acquire legal ownership of someone else’s property. In order to do so, they need to acquire possession or reside on that property for a certain length of time. Typically, the form of property is land. If the adverse possession…
What is Current Good Manufacturing Practices (CGMPs)? Current Good Manufacturing Practices (CGMPs) refers to the regulations provided by the US Food and Drug Administration (FDA) that guide the design, monitoring, and maintenance of manufacturing facilities and processes. The FDA enforces the regulations to ensure that manufacturing facilities of pharmaceutical products, medical devices, food and beverages,…
