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Davos Man
A term referring to the global elite of wealthy and powerful individuals who are believed to attend the World Economic Forum in Davos, Switzerland, impacting global policies.
Elitist
Describing an attitude or belief that some individuals or groups, considered to be superior in intellect, heritage, or social status, should lead or have more influence.
Globalization
The method of engaging and combining efforts among individuals, corporations, and governments across the globe.
Direct Write-off
A method of accounting for bad debts where specific uncollectible accounts receivable are written off against income at the time they become uncollectible.
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