7 Terms
Home > Industry/Domain > Business services > Consulting
Consulting
The business of providing professional or expert advice to a commercial business or public institution.
Industry: Business services
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Consulting
Disturbance allowance
Business services; Consulting
Typically a one-off lump sum payment to compensate for the general upheaval and incidental expenses associated with moving because of the job.
Arm's length interval
Business services; Consulting
Fair price range to determine if a transaction between to related companies is made at an acceptable price.
Ledger
Business services; Consulting
The ledger is the document where all the accounts used by the company to produce the financial statements are listed and detailed.
Negligence liability
Business services; Consulting
Negligence liability is the legal responsability that results due to a negligence or a fault.
Strict liability
Business services; Consulting
Strict liability is the legal responsibility for damages, or injury, even if the person found strictly liable was not at fault or negligent.
Memorandum of understanding
Business services; Consulting
A memorandum of understanding (MOU) is a document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended ...
Absolute liability
Business services; Consulting
Absolute liability is the legal responsibility for damages, or injury, even if the person found strictly liable was not at fault or negligent.
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