The World Wide Web (WWW) is a system that connects computer networks around the world. Software engineer Tim Berners-Lee is credited with the creation of the Web through the application of hypertext to networked computers.
World Trade Organization (WTO): american business February 4, 2010
The World Trade Organization (WTO) is the major global organization involved in negotiating, establishing, and resolving international trade rules and disputes. In 1995 the WTO replaced the General Agreement on Tariffs and Trade (GATT), which was created at the end of World War II to reduce TRADE BARRIERS through multilateral negotiations.
World Intellectual Property Organization February 4, 2010
The World Intellectual Property Organization (WIPO) is an agency of the United Nations charged to promote INTELLECTUAL PROPERTY rights worldwide. Intellectual property rights are “works of the mind,” including inventions, designs, books, music, and films; TRADEMARKs, COPYRIGHTs, and PATENTs are all considered intellectual property.
World Bank (International Bank for Reconstruction and Development) February 4, 2010
The World Bank is a joint effort of 180 member countries to provide development assistance to more than 100 developing “client” countries. In the countries where it operates, the World Bank uses a combination of strategic poverty-reduction measures and LOANS to promote health, education, social development, environment protection, institutional development, and governmental self-reliance.
Works Progress Administration (Work Projects Administration) February 4, 2010
The Works Progress Administration (WPA) was a federal program created during the GREAT DEPRESSION, a time of severe UNEMPLOYMENT, that was intended to stimulate the economy and boost morale by paying unemployed laborers and artisans to do useful projects.
Workers’ compensation February 4, 2010
Workers’ compensation is a no-fault system developed by the government in response to serious societal problems that occurred with the significant rise in the number of workers injured in industrial settings.
Worker Adjustment and Retraining Notification Act February 4, 2010
The Worker Adjustment and Retraining Notification Act (WARN) requires employers covered by the act to provide 60-day advance notice of large-scale EMPLOYMENT loss, generally resulting from plant closings and mass LAYOFFs.
Work council February 4, 2010
A work council is a representative body of employees selected to provide direct input into the company’s operational activities. Typically seen only in European nations, the work council provides MANAGEMENT with ideas of what the employees would like to see at their particular company.
Wholesaler February 4, 2010
A wholesaler is a market intermediary who purchases PRODUCTs from manufacturers and then distributes them to retailers. Wholesalers act as an alternative to manufacturer or retailer-owned DISTRIBUTION CHANNELs. Wholesalers have existed as long as trade has existed.
White-collar February 4, 2010
White-collar refers to employees who typically wear white, collared shirts: professionals, administrators, and office workers. White-collar contrasts with BLUE-COLLAR, the traditional color of clothing worn by ASSEMBLY LINE or other laborers. White-collar is often used to describe specific groups or conditions, including white-collar salaries, crime, UNIONs, and RECESSIONs.
Whistle-blower (whistleblower) February 4, 2010
According to Janet P. Near and Marcia Miceli of Indiana University, a whistle-blower is an “employee or member of an organization (former or current) who discloses the illegal, immoral, or illegitimate practices of their employers to persons or organizations that may be able to effect action.”
Whisper numbers February 4, 2010
Whisper numbers are unofficial earnings estimates for companies. Brokerage houses employ STOCK MARKET analysts who closely watch and make predictions about a narrow range of stocks they “cover.” Major brokerage houses will probably have analysts who cover just oil stocks, utility companies, retailers, etc. Market analysts regularly predict the quarterly earnings-per-share for the companies they follow.
Wheel of retailing February 4, 2010
The wheel of retailing is the theory or observation that new competitors come into established retail markets offering lower prices, greater selection of a limited line of products, or unique products challenging a portion of the market of established firms.
Wheeler-Lea Act February 4, 2010
The Wheeler-Lea Act of 1938 amended the Federal Trade Commission Act of 1914 to give the Federal Trade Commission (FTC) jurisdiction over false or misleading advertising in addition to special powers to regulate advertising on food, drugs, cosmetics, and therapeutic devices.
Welfare February 4, 2010
Welfare, also referred to as public charity, is educational, medical, and financial assistance to people identified as needy. In the United States, welfare includes a variety of programs benefiting senior citizens, low-INCOME families, and people with disabilities.
Warranty February 4, 2010
A warranty is an expressed or implied promise that PRODUCTs sold will perform as represented by the seller’s words, actions or writings. Many consumer goods come with a written “limited warranty” of performance for a certain period of time (“three months parts and labor”), indicating the seller will repair or replace the goods without charge within that period.
Wall Street: american business February 4, 2010
Wall Street is both a street in the lower part of Manhattan in New York City and a generic reference to the financial district located there.
Wagner Act (National Labor Relations Act) February 4, 2010
The Wagner Act (officially the National Labor Relations Act, 1935) is considered by most labor specialists as the most important 20th-century labor statute. The act, named after New York Senator Robert F. Wagner gave American workers the right to organize, allowed COLLECTIVE BARGAINING, prohibited certain unfair labor practices, and created the NATIONAL LABOR RELATIONS BOARD (NRLB).
Wage and price controls (incomes policies) February 4, 2010
Wage and price controls are government-imposed limits on increases in wages and prices. Also called incomes policies, wage and price controls are typically imposed during wartime to limit INFLATION. During wars, government spending usually expands rapidly to provide the materials and weapons needed for defense.
Назад
Вперед
