Term of the Day utility


Term of the Day

utility

A basic service such as electricity, gas, or water, or the company that provides such a service. Utilities are often regulated by the government.

Learn more about this term
Usage Example
Depending on the size of your office and the needs of your staff, utility bills can be a huge weight on your bottom line.
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Term of the Day capitalism


Term of the Day

capitalism

Economic system based (to a varying degree) on private ownership of thefactors of production (capital, land, and labor) employed in generation ofprofits. It is the oldest and most common of all economic systems and, ingeneral, is synonymous with free market system.
Learn more about this term
Usage Example
Unlike socialism where the government is responsible for means of production and the management of economy, capitalism revolves around individuals owning and operating businesses for profit.
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Today’s Inspirational Quote:


Did you know…
… that today, besides being Halloween (Happy Halloween everyone!), is Frankenstein Friday? Today we celebrate the birth of Frankenstein and its creator. Frankenstein was born in 1818 when Mary Wollenstonecraft Shelley, at the age of 21, wrote the story Frankenstein. To celebrate this day, we suggest you read the novel or see a Frankenstein movie. Either way, enjoy this awesome character!
~~~
Today’s Inspirational Quote:
“Life is like an elevator. On your way up, sometimes you have to stop and let some people off.”
– Author Unknown
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My Drawing/ Painting Learning continues.


My Drawing/ Painting Learning continues.

I am planning to name this collection as ‘Convergence Paintings by Jay Parkhe’ some day :) when I have achieved expertise – may be after 10000 hours of drawing and painting.  The reason to call it thus is : It started off with Chunky Charcoals, I added a dash of Watercolors to get better finish and finally used my iPhone 5s and iPhoto on my Mac to get the Right enhancements and effects – hence you see 4-5 pictures while painting is only one !
Enjoy !
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Term of the Day EPS


Term of the Day

EPS

Earnings per Share. Total earnings divided by the number of shares outstanding. Companies often use a weighted average of shares outstandingover the reporting term. EPS can be calculated for the previous year (“trailing EPS”), for the current year (“current EPS”), or for the coming year (“forward EPS”). Note that last year’s EPS would be actual, while current year andforward year EPS would be estimates.

Learn more about this term
Usage Example
After generating more income than expected, the company exceeded Wall Street’s EPS estimates.
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Term of the Day statistics


Term of the Day

statistics

1. Branch of mathematics concerned with collection, classification, analysis, and interpretation of numerical facts, for drawing inferences on the basis of their quantifiable likelihood (probability). Statistics can interpret aggregates ofdata too large to be intelligible by ordinary observation because such data (unlike individual quantities) tend to behave in regular, predictable manner. It is subdivided into descriptive statistics and inferential statistics.
2. Plural of statistic.
Learn more about this term
Usage Example
Due to the large data set of numbers, I used statistics to better organize and present my findings.
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Term of the Day attrition


Term of the Day

attrition

1. The unpredictable and uncontrollable, but normal, reduction of work forcedue to resignations, retirement, sickness, or death.
2. Loss of a material or resource due to obsolescence or spoilage.
Learn more about this term
Usage Example
To keep your company’s attrition rate low it is imperative to listen to and address employee’s concerns and suggestions to ensure your employee’s are happy.
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Term of the Day stop order


Term of the Day

stop order

A market order to buy or sell a certain quantity of a certain security if a specified price (the stop price) is reached or passed.

Learn more about this term
Usage Example
Since the investor was not going to have the opportunity to monitor his portfolio over the next couple weeks he issued a stop order in hopes of ensuring minimal losses while he was away.
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Term of the Day recession


Term of the Day

recession

A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than adepression, and if a recession continues long enough it is often then classified as a depression. There is no one obvious cause of a recession, although overall blame generally falls on the federal leadership, often either the President himself, the head of the Federal Reserve, or the entire administration.

Learn more about this term
Usage Example
Considered a contraction within the business cycle, a recession can be identified as a general slowdown in economic activity in two or more consecutive quarters.
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Term of the Day dynamic


Term of the Day

dynamic

1. Capable of changing or being changed; in a state of flux, not static.
2. Characterized or distinguished by continuous change or vigorous activity,high effectiveness, energy, or force.
3. Causative or motivating agent or force, underlying an event or phenomenon. See also dynamics.
Learn more about this term
Usage Example
Many political leaders are not seen as dynamic since they typically adhere to their party’s values and do not change their opinions regardless of the situation.
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Today’s Inspirational Quote:


Did you know…
… that today is Tell a Story Day? Tell a Story Day is celebrated today in Scotland and England. It doesn’t matter if it’s fiction or non-fiction, a tall tale, or folklore. Today is a day to tell ‘em all. Make Tell a Story Day an important and pleasure-filled experience. And if you miss it, then catch it when it’s celebrated in the U.S. on April 27th!
~~~
Did you know…
… that today is Tell a Story Day? Tell a Story Day is celebrated today in Scotland and England. It doesn’t matter if it’s fiction or non-fiction, a tall tale, or folklore. Today is a day to tell ‘em all. Make Tell a Story Day an important and pleasure-filled experience. And if you miss it, then catch it when it’s celebrated in the U.S. on April 27th!
~~~
Today’s Inspirational Quote:
“Much of the pain in life comes from having a life plan that you’ve fallen in love with, but that doesn’t work out. Having to find a new life plan hurts. The trick is not to become too attached to any particular life plan and to remember that there is always a better, even happier life plan out there somewhere.”
– Karen Salmansohn
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Term of the Day fraud


Term of the Day

fraud

Act or course of deception, an intentional concealment, omission, or perversion of truth, to (1) gain unlawful or unfair advantage, (2) induce another to part with some valuable item or surrender a legal right, or (3) inflictinjury in some manner. Willful fraud is a criminal offense which calls forsevere penalties, and its prosecution and punishment (like that of a murder) is not bound by the statute of limitations. However incompetence ornegligence in managing a business or even a reckless waste of firm’s assets(by speculating on the stockmarket, for example) does not normally constitute a fraud. In such cases, the aggrieved party (creditors or stockholders/shareholders) must prove that at some point they were intentionally deceived on …
Learn more about this term
Usage Example
I immediately called my bank to report fraud after I noticed purchases on my credit card statement that I did not make.
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Term of the Day ROETerm of the Day ROE


Term of the Day

ROE

Return on Equity. A measure of how well a company used reinvestedearnings to generate additional earnings, equal to a fiscal year’s after-taxincome (after preferred stock dividends but before common stock dividends) divided by book value, expressed as a percentage. It is used as a generalindication of the company’s efficiency; in other words, how much profit it is able to generate given the resources provided by its stockholders. investorsusually look for companies with returns on equity that are high and growing.

Learn more about this term
Usage Example
When comparing companies within the same industry, ROE is commonly used since it is equal to a fiscal year’s net income.
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Term of the Day accredited investor


Term of the Day

accredited investor

The SEC designation for an individual or entity meeting any of the criterialisted below. Certain restricted offerings, limited partnerships, and angel investor networks are open only to accredited investors. SEC criteria: Anydirector, executive officer, or general partner of the issuer of the securitiesbeing offered or sold, or any director, executive officer or general partner of a general partner of that issuer. Any natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his purchaseexceeds $1,000,000. Any natural person who had individual income in excess of $200,000 in each of the two most recent years or joint income with that person‘s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year. Any trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase of the securities is directed by a person who has such knowledge and experience infinancial and business matters that he is capable of evaluating the merits andrisks of the prospective investment. Any organization that was not formed for the purpose of acquiring the securities being sold, with total assets in excess of $5,000,000. And, any entity in which all of the equity owners are Accredited Investors. opposite of nonaccredited investor.

Learn more about this term
Usage Example
Before being tabbed an accredited investor, I had to accomplish at least one item within the SEC’s main criteria list.
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Term of the Day leverage


Term of the Day

leverage

The ability to influence a system, or an environment, in a way that multiplies the outcome of one’s efforts without a corresponding increase in theconsumption of resources. In other words, leverage is the advantageouscondition of having a relatively small amount of cost yield a relatively highlevel of returns. See also financial leverage and operating leverage.
Learn more about this term
Usage Example
After receiving a promotion, the employee now had the leverage to make positive changes to the company.
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Today’s Inspirational Quote:


Did you know…
… that today is First Videotape Recording Day? NBC broadcasted the first videotape recording on this day in 1956. Who did it feature? Jonathan Winters! Jonathan Harshman Winters III was an American comedian, actor, author, and artist. The tape of Jonathan Winters was seen coast to coast in the U.S. and Winters became a TV star.
~~~
Today’s Inspirational Quote:
“If your ship doesn’t come in, swim out to it.”
– Jonathan Winters
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Ends. Edit post Right Measure – Wrong Measures !


Dhananjay Parkhe

Dhananjay Parkhe

Self Actualising. Learning to Draw and Paint. Learning Never Ends.

Right Measure – Wrong Measures !

A friend shared this wonderful graphic with me on Facebook.

Seemingly, it tells us the pattern of a Man’s shopping pattern vis a vis a Woman’s ! Makes one laugh :) No ?

On a Serious note, I avoid going for shopping with my wife unless I have to shop for myself and the things I wish to buy need her approval ( to avoid any future adverse comments later :) ) Or for White goods where her approval is a must like my Credit Card is a Must !

My wife is a great bargainer and likes to haggle for price and therefore chooses particular markets which allow this ‘buyer-seller marketplace – High Pitch/ High Drama’ dialogue. This is unfortunately not possible on the Internet eCommerce websites ! :) There all you can complain is about a. Delay b. High courier charges. c. Quality d. Seller communications and either ask for refund or write a Good, Bad or Ugly rating between 1-5 stars which no one really cares about.

Plus, I now can take refuge under my health issues and altogether avoid going out to Malls citing reasons which my family understands. Sometimes, though, it becomes avoidable as we club the dinner at a Mall Restaurant or rarely a Movie in the Multiplexes.

Personally, I prefer eCommerce and have preferred it for years now. I also have a pattern as I look at this interesting graphic. I like to keep several shopping websites’ tabs open at the same time with same item search. I don’t get distracted by combination offers or similar products on offers etc. diversions clever eComm websites create when they don’t have the desired product/s. I then make a decision with one of them to either click the Add to wish list or buy and wait for the product to arrive.

The more I look at this pic – the more I realise that why the Sales People in the shops throng to me and do not allow me independence to shop at will unobtrusively ! I intend to some day send them scurrying along with my wife and get dead tired with her shopping pattern which is quite similar to the one shown here.

On a serious note, What do the marketers like to Measure? The Foot Falls? I have seen security guards ( doubling as market researchers) punching a number each time a visitor walks in into a handheld instrument. But, the real Measure would be in measuring the ‘Feet-Drag” – Kilometers/Minutes/ Hours per successful sale isn’t it? Balanced Scorecards teach us to choose the Right Measures and till recently I was not looking at the Kilometers my Walking shoes I walked with – till 3 years ago, I got the Nike Apps on my iPHone and began measuring Kilometers before retiring the shoes. Once I got this measure – I began shopping for Right shoes which walk with me for minimum 800 Kilometers – No Less before I retire them due to wear and tear.

What would be the Right Measure for measuring the Shopper’s habits – by counting footfalls or Feet-Drag patterns ?

What do you think.

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Term of the Day beneficiary


Term of the Day

beneficiary

An individual, institution, trustee, or estate which receives, or may becomeeligible to receive, benefits under a will, insurance policy, retirement plan,annuity, trust, or other contract.

Learn more about this term
Usage Example
Naming a beneficiary in your will ensures that your assets will go where you choose upon your death.
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Term of the Day revenue


Term of the Day

revenue

The income generated from sale of goods or services, or any other use ofcapital or assets, associated with the main operations of an organizationbefore any costs or expenses are deducted. Revenue is shown usually as the top item in an income (profit and loss) statement from which all charges, costs, and expenses are subtracted to arrive at net income. Also called sales, or (in the UK) turnover.
Learn more about this term
Usage Example
To make sure your company turns a profit, you must ensure that revenueexceeds expenses.
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शुभ दिपावली!


दिवाळीचा पहिला दिवा लागता दारी,
सुखाचे किरण येती घरी,
पुर्ण होवोत तुमच्या सर्व ईच्छा,
आमच्याकडुन दिवाळीच्या
हार्दिक शुभेच्छा!

धनलक्ष्मी, धान्यलक्ष्मी, धैर्यलक्ष्मी, शौर्यलक्ष्मी, विद्यालक्ष्मी, कार्यलक्ष्मी, विजयालक्ष्मी, राजलक्ष्मी…
या दिपावलीत या अष्टलक्ष्मी तुमच्यावर धनाचा वर्षाव करोत,

दिवाळीचा पहिला दिवा लागता दारी,
सुखाचे किरण येती घरी,
पुर्ण होवोत तुमच्या सर्व ईच्छा,
आमच्याकडुन दिवाळीच्या
हार्दिक शुभेच्छा!

धनलक्ष्मी, धान्यलक्ष्मी, धैर्यलक्ष्मी, शौर्यलक्ष्मी, विद्यालक्ष्मी, कार्यलक्ष्मी, विजयालक्ष्मी, राजलक्ष्मी…
या दिपावलीत या अष्टलक्ष्मी तुमच्यावर धनाचा वर्षाव करोत,
शुभ दिपावली!

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Term of the Day debit


Term of the Day

debit

In double-entry bookkeeping, entry on the left-hand side of an accountrecord. It has the effect of decreasing a capital, liability, or revenue account, or of increasing an asset or expense account. See also credit.
Learn more about this term
Usage Example
In basic accounting, debits and credits balance one another since they operate in the exact opposite direction.
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Term of the Day security


Term of the Day

security

  1. An investment instrument, other than an insurance policy or fixed annuity, issued by a corporation, government, or other organization which offersevidence of debt or equity. The official definition, from the Securities Exchange Act of 1934, is: “Any note, stock, treasury stock, bond,debenture, certificate of interest or participation in any profit-sharingagreement or in any oil, gas, or other mineral royalty or lease, anycollateral trust certificate, preorganization certificate or subscription,transferable share, investment contract, voting-trust certificate, certificate of deposit, for a security, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including anyinterest therein or based on the value thereof), or any put, call, straddle,option, or privilege entered into on a national securities exchange relating to foreign currency, or in general, any instrument commonly known as a ‘security'; or any certificate of interest or participation in, temporary orinterim certificate for, receipt for, or warrant or right to subscribe to orpurchase, any of the foregoing; but shall not include currency or any note,draft, bill of exchange, or banker’s acceptance which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited.”
  2. Property which is pledged as collateral for a loan.
Learn more about this term
Usage Example
Securities are financial assets that can typically be categorized as a debt security, an equity security, or a derivative security.
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Term of the Day net profit


Term of the Day

net profit

Often referred to as the bottom line, net profit is calculated by subtracting acompany’s total expenses from total revenue, thus showing what thecompany has earned (or lost) in a given period of time (usually one year).also called net income or net earnings.

For more information, see Net vs Gross.

Learn more about this term
Usage Example
After paying off all the expenses for the year, the money that remained is the company’s net profit.
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Term of the Day bid


Term of the Day

bid

1. General: Indication of willingness to buy or sell goods or services or to undertake a task, at a specific price and within a specific timeframe.
2. Contracting: Complete proposal (submitted in competition with otherbidders) to execute specified job(s) within prescribed time, and not exceeding a proposed amount (that usually includes labor, equipment, and materials). The bid-receiving party may reject the bid, make a counter offer, or turn it into a binding contract by accepting it. See also offer and proposal.
3. Financial markets: Highest price at which prospective buyers are willing tobuy commodities, foreign exchange, or securities.
Learn more about this term
Usage Example
The investor offered a max bid of $20 for 1000 securities, the seller however declined that offer.
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Learning New Skills – Starting a New Phase


This September, I decided to pursue an old hobby I gave up in 1965 after I lost my father and had to begin earning part time while learning.

My mother taught me few skills. She invested in my learning to TypeWrite an to Play Flute, Bass and Side Drums. She would say, Like Learning Never Ends – Skills never go away. If you have seriously applied yourself – the skill comes back.  She’d also say that we don’t know which Skill may be in demand when and can become our source of earning.  For us, Earning was so critical then, it is even now ! ( Need to Earn never ends, like Learning – can we say ? As even the Richest man / woman in the world likes to keep Earning, ain’t it? )

I came across this Sanskrit Shloka one day on twitter and the Tweeples post Gems there many a times apart from the normal heated poli-Tickle exchanges :).

यद्यदालिखति मनः आशावर्तिकाभीः हृदयफलके ।
तत्तद्बाल इव विधिर्निभृतं हसित्वा प्रोञ्छति ॥

Whatever the mind inscribes (paints),

with the brushes of desire,

on the board of the heart,

fate, stealthily smilingly,

wipes it all out, like a little child!

………

There was yet another Shloka on a blog I came across:

भारोऽविवेकिनः शास्त्रं भारो ज्ञानं च रागिणः ।
अशान्तस्य मनो भारः भारोऽनात्मविदो वपुः ॥
– योगवासिष्ठ, वैराग्य

An idiot would find the scriptures heavy.
A person who enjoys worldly pleasures finds knowledge heavy and unbearable.
A restless man finds his mind heavy.
If one does not know his self, he will find his body heavy.

– Yogavasishta, Vairagya

Wikipedia describes Self Actualisation as The full realization of one’s potential”, and of one’s ‘true self’… The term was originally introduced by the organismic theorist Kurt Goldstein for the motive to realize one’s full potential.
Expressing one’s creativity, quest for spiritual enlightenment, pursuit of knowledge, and the desire to give to society are examples of self-actualization.
In Goldstein’s view, it is the organism’s master motive, the only real motive: “the tendency to actualize itself as fully as possible is the basic drive… the drive of self-actualization.
The concept was brought most fully to prominence in Abraham Maslow’s hierarchy of needs theory as the final level of psychological development that can be achieved when all basic and mental needs are essentially fulfilled and the “actualization” of the full personal potential takes place, although he adapted this viewpoint later on in life, and saw it more flexibly.
Self-actualization can be seen as similar to words and concepts such as self-discovery, self-reflection, self-realisation and self exploration. It is this phase of life I have entered and have begun focus on my unfulfilled childhood hobbies like Drawing, Painting etc.by Self-Learning Methods as there is still So Much to Learn. Learning Never Ends and Shouldn’t.

I begin my Learning phase and hopefully my Self-Actualisation phase with Hope !

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Term of the Day franchise


Term of the Day

franchise

A form of business organization in which a firm which already has a successful product or service (the franchisor) enters into a continuingcontractual relationship with other businesses (franchisees) operating under the franchisor’s trade name and usually with the franchisor’s guidance, inexchange for a fee. Some of the most popular franchises in the United Statesinclude Subway, McDonalds, and 7-Eleven.

Learn more about this term
Usage Example
When you purchase a franchise option the franchising company gives you the blueprint for your success.
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Term of the Day current ratio


Term of the Day

current ratio

Indicator of a firm’s ability to meet short-term financial obligations, it is theratio of current assets to current liabilities. Though every industry has itsrange of acceptable current-ratios, a ratio of 2:1 is considered desirable in most sectors. Since inventory is included in current assets, acid test ratio is a more suitable measure where salability of inventory is questionable. Formula: Current assets/Current liabilities.
Learn more about this term
Usage Example
Also known as the liquidity ratio, the current ratio measures whether a firm has enough resources to pay its debts over the next year.
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Term of the Day overdraft


Term of the Day

overdraft

The amount by which withdrawals exceed deposits, or the extension of creditby a lending institution to allow for such a situation.

Learn more about this term
Usage Example
If you aren’t sure you have enough money in your checking account to make a purchase, don’t make the purchase because you will be charged anoverdraft fee.
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Term of the Day success


Term of the Day

success

1. Achievement of an action within a specified period of time or within a specified parameter. Success can also mean completing an objective or reaching a goal. Success can be expanded to encompass an entire project or be restricted to a single component of a project or task. It can be achieved within the workplace, or in an individual’s personal life. For example, if anindividual‘s personal goal is to be accepted in a new career, success would occur after the individual has been officially accepted into his or her new place of employment.
2. Colloquial term used to describe a person that has achieved his or her personal, financial or career goals. It could also be used to describe anindividual that has more objects (money or any other desirable …
Learn more about this term
Usage Example
To keep employees happy and satisfied, it is important to reward them for their good work and success.
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Term of the Day EU


Term of the Day

EU

European Union. The economic association of over two dozen Europeancountries which seek to create a unified, barrier-free market for products andservices throughout the continent, as well as a common currency with a unified authority over that currency. The European Union was established in 1993 by the Treaty of Maastricht, and was based on the European EconomicCommunity. The EU is formed of three areas, or pillars, which are theEuropean Community, Common Foreign and Security Policy, and Police and Judicial Co-operation in Criminal Matters. The EU has a wide variety of legislative bodies, including the European Parliament, the Council of the European Union, and the European Commission. The European Court of Justice and the Court of First Instance are the two main judicial bodies for the European Union. The format and principles of the EU have their roots in the European Coal and Steel Community, created in the early 1950s.

Learn more about this term
Usage Example
The EU is a 28 member politico-economic union that shares a common currency and a standardized system of laws that apply in all member states.
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Term of the Day diversity


Term of the Day

diversity

1. Accounting: Situation where different batch sizes, distribution channels,product mixes, etc., place different demands on resources due to unevenassignment of costs.
2. HR: Feature of a mixed workforce that provides a wide range of abilities,experience, knowledge, and strengths due to its heterogeneity in age, background, ethnicity, physical abilities, political and religious beliefs, sex, and other attributes.
Learn more about this term
Usage Example
This creative insight is the direct result of the diversity of the team – specifically, individuals who possess different attributes and perspectives.
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Term of the Day opportunity cost


Term of the Day

opportunity cost

The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunitycost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company’s decision-making processes, but is not treated as an actual cost in any financial statement.

Learn more about this term
Usage Example
Before purchasing the new office building I determined the opportunity costof what I could purchase instead to determine if the purchase was worth it.
Posted in # Term of the Day | Tagged

Term of the Day recall


Term of the Day

recall

Removal or withdrawal of a contaminated or defective good from sale by itsmanufacturer or producer, either voluntarily or when forced by a watchdogagency. Sometimes a good (such as a motor vehicle) is recalled after it has been sold, for rectification, exchange, or refund.
Learn more about this term
Usage Example
Due to a faulty safety feature the National Highway Traffic Safety Administration issued a recall on a specific brand of SUVs.
Posted in # Term of the Day | Tagged

Term of the Day accounts receivable


Term of the Day

accounts receivable

Money which is owed to a company by a customer for products and servicesprovided on credit. This is often treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.

See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.

Learn more about this term
Usage Example
After sending out the invoice, the expected payment was recorded as anaccounts receivable asset on the balance sheet since the customer has a legal obligation to pay for the product or service.
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Term of the Day consumer price index (CPI)


Term of the Day

consumer price index (CPI)

A measure of changes in the purchasing-power of a currency and the rate of inflation. The consumer price index expresses the current prices of a basket of goods and services in terms of the prices during the same period in a previous year, to show effect of inflation on purchasing power. It is one of the best known lagging indicators. See also producer price index.
Learn more about this term
Usage Example
The consumer price index is reported on a monthly basis and takes into account the prices of consumer goods and records any changes in the price of these goods.
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When I met my First Master


Dhananjay Parkhe

Self Actualising. Learning to Draw and Paint. Learning Never Ends. Should Not.

When I met my First Master

I was just 5. My friends’ family who were also my Father’s close friends always prayed together and I began joining them at Bhopal.

They soon started a small Meher Baba Center and every Wednesday evening with sleepy eyes we children join the ‘Parvardigar Prayer’ and other discourses. My father joined a couple of times and my mother began attending these every week.

We learnt about Meher Baba. I read everything a child could read and understand from his biography and his writings over the next decade. We became Baba Lovers as the Devotees were called by the Master. The moment to meet him came in 1958 in his abode in GuruPrasad on Bund Garden Road, Pune. He was fond of children and all 5 of us as friends went to him with our marbles, pencils, and small toys. He blessed us. This became our routine to visit him every year in May/ June whenever he invited. The epitome was East West Gathering I distinctly remember when the Indo-China War had broken out and a many bigwigs like Nilam Sanjiva Reddy ( who later became the President of India) came to visit him among others. It was wonderful.

His message of ‘Don’t Worry, Be Happy, I’ll Help you’. And ‘ Mastery in Servitude’ became two of my Personal Mentor Quotes for years that followed. It taught me to stand up and help when I could. It also taught me that Service is not Servitude to others – Service creates an Attitude which is humble, teaches us humility and makes us do things for others without any Expectations.

I visited his 5 Sadgurus – Sai Baba of Shirdi, Narayan Maharaj of Kedgaon, Hazrat Baba Jaan in Camp, Pune, Tajuddin Baba in Nagpur and Gajanan Maharaj of Shegaon who in those years had declared him ‘Avatar’. He had gifted me his book ‘God Speaks’ which he had dictated and for years it was my prized possession.

I saw this quote on Facebook today, Posted and translated from Spanish which I reproduce below.

“Be angry with none but your weakness.

Hate none but your lustful self.

Be greedy to own more and more wealth of tolerance and justice.

Let your temptation be to tempt me with your love
in order to receive my grace.

Wage war against your desires and Godhood will be your victory.

——-AVATAR MEHER BABA

(From:- Lord Meher, vol-7, p-3773)

[© 2005 Copyright Avatar Meher Baba Perpetual Public Charitable Trust, King’s Road, Ahmednagar, M.S. 414001, India]“

I still Rever my First Master, My First Mentor, My First Guru!

Posted in # Inspirational Quote of the Day, # Term of the Day, 1. बुद्धि विलास Luxury of Mind - What I read today. Sharing | Tagged

Offer a Present from the Heart. Thich Nhat Hanh


Few days ago I wrote an Adios’ and Good bye message and began pursuing my childhood’s unfulfilled hobby – drawing and painting as a way to Self Actualise myself and Learn what I can by Self Learning.

I then came across the following quote and decided to return here with a post.

There was another Trigger /Prompt.

I read the following on Facebook today.

“In honor of Thay’s 88th Continuation Day (October 11), we invite you to offer a present of the heart – send Thay your promise.
Here is what Thay has said is the greatest gift we can offer him:
“Of course we can buy a present from the market and we put a lot of love into it. But to tell you the truth, my hut in Upper Hamlet in not large enough to store all these kinds of presents. I would like to have a kind of present that I can enjoy every day and you also can enjoy every day – a present that can last for a long time, a present of the heart.
I think that the best kind of present you may like to offer is a promise that you are sure you can honor, like:

“Dear Thay, I promise that from now on, every time I hold a cup of tea, I will see the cloud in the tea and the cloud within myself.”

That kind of present would be wonderful. Don’t make a big promise, like:

“Dear Thay, I promise that from now on every step I make will be in mindfulness.” That may be a little bit too difficult!
So, look deeply and make the kind of promise that you believe you can honor. Not too much, just one. And the maximum is two…I suggest only one promise…the kind of promise you are sure you will do. Just a little promise that will last all your life. That would be the most wonderful birthday present for Thay.”

Both of the above, have motivated me to return here again on Linkedin Pulse. I hope the several people who have followed me here would like to read these lines.  If you do, and if you like please leave a comment and I shall be grateful as the future Posts I shall write I hope they will be my offer of a present from the Heart as I learn Drawing, Painting and Self-Actualising.

Amen !

Posted in # Inspirational Quote of the Day, 1. बुद्धि विलास Luxury of Mind - What I read today. Sharing, 3. C Suite Leadership Mentor परामर्शदाता, 4. Learning Never Ends | Tagged

Term of the Day checks and balances


Term of the Day

checks and balances

1. Corporate: Internal control mechanism that guards against fraud and errorsdue to omission. In a system with checks and balances, the authority to make a decision, and the associated responsibility to verify its proper execution, is distributed among different departments. These department are kept logically and physically apart, and no one department can complete a transaction all on its own. For example, the purchasing department orders goods, the stores-department receives and compares them with the respective purchase orders, the quality assurance department inspects and verifies their quality, the accounts department verifies the invoice amount, and only then the comptroller authorizes the payment for the purchase. This process
2. Governmental: Extension of the separation of …
Learn more about this term
Usage Example
Checks and balances were introduced to the U.S. government to ensure that no one branch had too much power and to emphasize interdependence among the different branches.
Posted in # Term of the Day | Tagged

Term of the Day GNP


Term of the Day

GNP

Gross National Product. GNP is the total value of all final goods and servicesproduced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. Basically, GNP measures the value ofgoods and services that the country’s citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal.

For further explanation, see GDP vs. GNP — What’s the Difference?.

Learn more about this term
Usage Example
GNP used to be a popular way to measure the total economic value of a nation, but became less widespread as GDP became the primary measure in the early 90s.
Posted in # Term of the Day | Tagged

Term of the Day nepotism


Term of the Day

nepotism

Practice of appointing relatives and friends in one’s organization to positionsfor which outsiders might be better qualified. Despite its negative connotations, nepotism (if applied sensibly) is an important and positive practice in the startup and formative years of a firm where complete trust and willingness to work hard (for little or no immediate reward) are critical for its survival.
Learn more about this term
Usage Example
Many cultures favor hiring individuals based on nepotism rather than skills and merit.
Posted in # Term of the Day | Tagged

Term of the Day liability


Term of the Day

liability

An obligation that legally binds an individual or company to settle a debt. When one is liable for a debt, they are responsible for paying the debt or settling a wrongful act they may have committed.

In the case of a company, a liability is recorded on the balance sheet and caninclude accounts payable, taxes, wages, accrued expenses, and deferred revenues. Current liabilities are debts payable within one year, while long-term liabilities are debts payable over a longer period.

See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.

Posted in # Term of the Day | Tagged

Term of the Day working capital


Term of the Day

working capital

Current assets minus current liabilities. Working capital measures how much in liquid assets a company has available to build its business. The numbercan be positive or negative, depending on how much debt the company is carrying. In general, companies that have a lot of working capital will be more successful since they can expand and improve their operations. Companies with negative working capital may lack the funds necessary for growth. also called net current assets or current capital.

Learn more about this term
Usage Example
During the process of growing a company it is important to have a positiveworking capital number to ensure that you have funds on hand to expand.
Posted in # Term of the Day | Tagged

Term of the Day amortization


Term of the Day

amortization

1. Preferred term for the apportionment (charging or writing off) of the cost of an intangible asset as an operational cost over the asset’s estimated useful life. It is identical to depreciation, the preferred term for tangible assets. The purpose of both terms is to (1) reflect reduction in the book value of the assetdue to usage and/or obsolescence, (2) spread a large expenditureproportionately over a fixed period, and thereby (3) reduce the taxable income (not the actual or cash income) of a firm. In effect, it is a process by which invested capital of a firm is recovered by gradual sale of the firm’s asset(s) to its customers over the years.
2. Gradual repayment of a loan in equal (or nearly equal) installments which include portions of …
Learn more about this term
Usage Example
Many mortgage payments use the amortization process, meaning that a portion of the mortgage payment goes towards reducing the remaining principal on the loan while the other portion goes towards paying the interest on the loan.
Posted in # Term of the Day | Tagged

News from Transparency International


Global: China last again in global aid transparency index
Thomson Reuters Foundation

China took last place in an aid transparency index listing 68 donors released on Wednesday, which said the majority of the world’s donors were not sharing enough information about their activities.

More news

Blogs and opinion

Romania: Romanian politicians under scrutiny
Deutsche Welle

US: Secretly buying access to a governor
The New York Times

News from Transparency International

Posted in 1. बुद्धि विलास Luxury of Mind - What I read today. Sharing | Tagged

SG&A


Selling, General and Administrative Expenses. Income statement item whichcombines salaries, commissions, and travel expenses for executives and salespeople, advertising costs, and payroll expenses.

Learn more about this term
Usage Example
Advertising agencies have significant SG&A expenses because this expense encompasses commissions and travel expenses.
Posted in # Term of the Day

Term of the Day recession


Term of the Day

recession

Period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by highunemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression. Although recessions are considered a normal part of a capitalist economy, there is no unanimity of economists on its causes.
Learn more about this term
Usage Example
The United States recently recovered from a recession that began in 2008 after the housing bubble burst leading to the subprime mortgage crisis.
Posted in # Term of the Day

Today’s Inspirational Quote:


Today’s Inspirational Quote:
“Things can fall apart, or threaten to, for many reasons, and then there’s got to be a leap of faith. Ultimately, when you’re at the edge, you have to go forward or backward; if you go forward, you have to jump together.”
– Yo-Yo Ma
Posted in # Inspirational Quote of the Day | Tagged

Term of the Day closing costs


Term of the Day

closing costs

Fees and expenses, over and above the price of the property, incurred by thebuyer and/or the seller in the property ownership transfer. Examples are titlesearches, lawyer’s fees, survey charges, and deed filing fees. also calledsettlement costs.

Learn more about this term
Usage Example
When you are considering a home, having cash for the down payment is very important, but not at the expense of having no money to handle your closing costs up front.
Posted in # Term of the Day | Tagged

Term of the Day leverage


Term of the Day

leverage

The ability to influence a system, or an environment, in a way that multiplies the outcome of one’s efforts without a corresponding increase in theconsumption of resources. In other words, leverage is the advantageouscondition of having a relatively small amount of cost yield a relatively highlevel of returns. See also financial leverage and operating leverage.
Learn more about this term
Usage Example
If your company believes it will able to leverage such network effects, it often makes sense to treat the first users as a loss leader and get big as fast as you can.
Posted in # Term of the Day | Tagged

Inspirational Quote


The art of losing isn’t hard to master;
so many things seemed filled with the intent
to be lost that their loss is no disaster

Elizabeth Bishop

Former U.S. Poet Laureate Elizabeth Bishop (died October 6, 1979) had a talent for epistolary friendship. She corresponded for decades with fellow poets Marianne Moore and Robert Lowell.

Posted in # Inspirational Quote of the Day, 1. बुद्धि विलास Luxury of Mind - What I read today. Sharing | Tagged
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