input/output — a computer term referring to the data that goes into and comes out of a system.
Contributed by: Managerwise Staff
income from continuing operations
Profit from areas of the business that have not been closed. If, for example, a corporation shuts down a subsidiary in the middle of the year, the profit that the closed subsidiary generated during the portion of the year that it was open is excluded. This number is useful as it gives an indication of the profit potential of the firm in future years.
Those employees that provide support to manufacture of the company's products, but are not directly involved in the manufacturing process. This would include, for example, maintenance, loading dock and other support staff.
Contributed by: ManagerWise StaffSee: direct labor
induction
The processes that welcome new employees to the organization, teach them the organization's lay-of-the land, policies and practices and attempt to inculcate the company's values.
Also referred to as "employee orientation" or just "orientation".
Contributed by: Managerwise Staff
information technology
A broad term that includes all products and services related to automating the acquisition, storage, processing, retrieval and analysis of information. Commonly abbreviated as IT.
Contributed by: ManagerWise Staff
INFORMS
Institute for Operations Research and the Management Sciences. Web site: www.informs.org
insider trading
Buying or selling stocks based on information not available to the general public but gained as an employee, director or owner of a company, or provided by such an insider. In the U.S. and elsewhere, insider trading is illegal.
The consideration of a broader and deeper range of factors and possible solutions and examination of connections accross disciplines when problem solving or seeking new opportunities.
Contributed by: ManagerWise Staff
intellectual property
An asset that is the product of brain rather than brawn. Examples include patents, trademarks and copyrighted material.
Contributed by: ManagerWise Staff
internal rate of return
The interest rate that, if it were used in a net present value (NPV) calculation for all future cash flows associated with a project, would result in an NPV of zero.
Usually abbreviated as IRR.
The IRR estimate can be valuable when trying to select among a number of possible projects as the one with the highest IRR will produce the greatest value for the company (after considering the time value of money).
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