Examlex
As all budgets 'hang' off the sales budget, if the sales forecasts are incorrect, chances are all operating budgets will also be inaccurate.
Pension Plan
An employment-based savings program where an employer must deposit funds into a designated account intended for an employee's retirement benefits.
Profit Sharing
A compensation strategy where employees receive additional payments based on the company's profitability, beyond their standard salaries or wages.
Social Responsibility
The idea that businesses should balance profit-making activities with activities that benefit society; encompasses everything from charity work to reducing carbon footprints.
Management Report Card
An evaluative tool or document that assesses and summarizes the effectiveness and performance of a company's management team.
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