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Describe how high performance work systems can create competitive advantage for the organization.
Times Interest Earned Ratio
A financial ratio that measures a company’s ability to meet its interest obligations based on its earnings before interest and taxes (EBIT).
Default
Failure to fulfill a financial obligation, such as missing a loan repayment.
Debt
An amount of money borrowed by one party from another, often for making large purchases that they could not afford under normal circumstances, which needs to be paid back.
FICA
Federal Insurance Contributions Act; a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
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