Business Protocol

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A Pink Slip is a piece of paper that is given to an employee to inform him of the termination of his job with the company he works for. It is called pink slip because in the early days the colour of the paper that the notice was written on was actually pink. So anytime you hear that someone has gotten the pink slip, it simply means that the person has been fired.

A Partnership is a an agreed union of two or more persons for the purpose of achieving similar goals. When these persons join together, it can be to start a company, get married, or even to take over other entities. Merger could be used as a synonym to partnership if it is used in the context of companies coming togther to better streamline their operations and cut costs. Strictly speaking in business terms, a partnership is a type of business undertaking in which partners share with each other the profits or losses of the business in which all have invested.

An Investment is any money that is put towards a program or into a company or other business enterprise with the aim of getting positive returns on the money pumped into the venture. The values of invesments vary depending on what the investor is able to afford and also on what the money is being put towards. Persons who buy shares or stocks are investors. Individuals who start businesses by providing the capital are also investors. They all want to be see positive returns on their investments.

Investments can also be made in terms of time. There are many workers who have invested many years of their life working in a company so that when they are ready to retire, they will be able to qualify to get a pension and also leave with a good lump sum of money in their pockets.

An invoice is a document that is issued by a seller to a buyer indicating the items purchsed or services delivered, quantities and the prices for said products or services that the seller has already provided to the buyer. Another name for an invoice is a bill. The total price of the products or services is provided at the bottom of the bill, including any applicable taxes.

So if you go to a shop and buy 2 sodas @ $3.00 each, a bread @ $4.00, a piece of cheese @ $1.50, and an apple @ $2.50, with a sales tax of 5%, the total on your invoice would be $14.70. The invoice would also outline everything you bought along with unit prices and quantity.

Gross Domestic Product (GDP) of a country is the total market value of all final goods and services produced within the country in a given period of time. This is the total value of all finished goods that were available for sale for the period. The GDP varies from year to year as no two years have exactly the same Gross Domestic Product value. Economic factors can affect the total GDP - good economic times result in high GDP while bad economic times result in low GDP. Gross Domestic Product can also be affected by the political climate in a country.

Insolvency is a financial condition that is experienced by a person or business when their total assets no longer exceed their liabilities. The term is also applied to a person or entity that is no longer able to meet its debt obligations . Most times when this happens, the person or business is said to be bankrupt.

For example, if a company has total assets valued at $45,000,000 but also has liabilities totaling $450,000,000, it is said to be insolvent. The example shows that liabilities are 100 times more than the assets. There is no way on earth that the company will be able to service its debts. It would then have to declare bankruptcy because if they should use all their assets towards their debt repayment, they would go broke doing so. There would be no more money in the bank and the company would have to fold.

A Holding Company or Parent Company is a one that owns enough voting stock in another firm to control its operations by influencing or electing its board of directors. The term “Holding Company ” can more or less be used to describe any company that owns the majority of shares in another company. In other words, you could say it is the “boss” company.

The Holding Company may not necessarily produce goods or services itself but instead only own shares in other companies, or even outrightly own other companies. As such, it controls how the companies that it controls operate and make the decisions that affect the direction of the companies.

Revenue is any money that is generated by a company or any business from the sale of their services or goods. Another word for revenue is income. It is the money that comes in from business transactions performed during any trading period. So, if a company sells mattresses and makes $40,000 in a week, that money they collected is their revenue. Revenue can also be collected from the provision of services, like hair dressing, cab (taxi) services, electricity, phone service, and so on.