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| Factoring |
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| A financial institution that purchase at a discount the debtors of a business |
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| Fidelity Bonds |
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| Bonds that protect employers from the dishonesty of its employees |
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| Finance |
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| The business function of effectively obtaining and using funds in a business |
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| Financial Director |
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| A manager who develops and implements a company’s financial plan and determines the most appropriate sources and used of funds |
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| Fire Insurance |
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| Insurance coverage for losses due to fire and with extended coverage – inclement weather, hail, water and smoke damage |
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| Fixed Assets |
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| Those assets that are relatively permanent and are used in the operation of the business for more than one year. The total value of these items is shown on company’s balance sheet |
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| Fixed Costs |
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| Those costs that remain stable regardless of the level of production or sales achieved |
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| Flexitime |
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| A work-scheduling system that allows employees to set their own working hours within a specified bandwidth within the organisation |
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| Floating Exchange Rate |
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| An exchange rate that varies according to market conditions |
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| Flowchart |
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| A logical schematic that show the module components or procedural steps in a system, to solve a problem or achieve an objective |
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| Foreign Corporation |
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| A corporation which carries on business in another country or state in which it was originally incorporated |
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| Franchise Agreement |
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| A contractual arrangement between a franchisor and a franchisee which lays down the rules upon which the product or service must be marketed and the associated administrative procedures |
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| Franchisee |
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| The purchaser of a business system from a franchisor which represents a replicated version of a proven and successful business, for a fee and provides in return a royalty, percentage of turnover, commissions or a combination |
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| Franchisor |
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| The owner or supplier of a franchise which typically provides building plans, site selection research, managerial and accounting procedures and other services to assist the franchisee who receives payment in the form of a flat fee on acquisition, a royalty, percentage of turnover, commissions or a combination |
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| Free Trade |
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| A basic format for economic integration within which participants agree to allow trading among themselves without any tariffs or trade restrictions |
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| Free-Rein Leader |
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| A leader who leaves most of the decisions to their subordinates |
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| Freight Forwarder |
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| A common carrier that purchases bulk space from other carriers by lease or contract and resells this space to small volume shippers. The forwarder picks up, loads and delivers the merchandise and takes care of the billing |
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| Frequency Distribution |
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| The common practice of grouping data in a listing or graph to show the number of times each item appears in the data |
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| Fringe Benefits |
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| Employee benefits in addition to normal wages and salaries such as pensions, health and life insurance, sick leave, company car and other allowances |
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| Functional Departmentalisation |
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| A organisation structure base on functional divisions ie Production, finance, marketing, human resources etc.. |
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| Functional Organisation |
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| A transitional form of organisation based on a direct low of authority for each work activity or function |
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