The Delphi technique—named after the Oracle of Delphi, to whom ancient Greeks would travel to seek advice about the future—is a marketing-management tool used by businesses for forecasting.
Deflation is a sustained decrease in the general level of prices in an economy. It is the opposite of INFLATION, an increase in the general level of prices. Falling prices are a result from either increasing productivity, which allows producers to increase output and INCOME; or declining DEMAND.
A decision tree is a map of the reasoning process businesspeople use to make choices. Decision trees are excellent tools for making financial or number-based decisions where a lot of detailed data needs to be considered.
Also known as deceptive acts, deceptive practices, and deceptive sales practices, deceptive trade practices are methods of doing business that are likely to mislead individual consumers or other businesses, usually through the use of deceitful, false, incomplete, or otherwise misleading statements.
The accounting terms debit and credit mean “left” and “right,” respectively. Abbreviated dr. (from the Latin debere) and cr. (from the Latin credere), debits and credits are integral parts of financial or double-entry accounting.
The Davis-Bacon Act, signed by President Herbert Hoover in 1931, requires contractors working for the federal government to pay the “prevailing” local wage. Expanded to include projects receiving federal funding or loan guarantees, the act effectively requires contractors to pay UNION scale wages.
Database management is the process of organizing and manipulating a database. A database is a collection of organized data that is alterable (create, update, and delete), accessible, has a purpose, minimizes/eliminates redundancy, imports and exports data, has data independence, and has data integrity.
Damages, for legal purposes, are compensatory or punitive monetary awards. Persons suffering loss or injury (for example, in a car accident) sue in court to recover damages to which they are entitled by law.