Definitions Week 1

2049 WordsNov 1, 20149 Pages
Definitions Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines. TermDefinitionResource you usedTime value of moneyA dollar received today is worth more than a dollar received in the future. Conversely, a dollar received in the future is worth less than a dollar received today.Titman, S., Keown, A. J., Martin, J. D. (2014).Financial Management. Principles and Applications(12th ed.). Pearson Education.Efficient marketWhen money is put into the stock market, the goal is to generate a return on the capital invested. Many investors try not only to make a profitable return, but also to outperform, or beat, the market.However, market efficiency - championed in theefficient market…show more content…
Cash flow is the amount of cash that can actually be taken out of the business over this same interval.Titman, S., Keown, A. J., Martin, J. D. (2014).Financial Management. Principles and Applications(12th ed.). Pearson Education.Project managementProject management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives.What is Project Management.(n/a).Retrieved on August 11, 2014 from HYPERLINK http//www.apm.org.uk/WhatIsPM http//www.apm.org.uk/WhatIsPM Outsourcing and offshoringOutsourcingrefers to an organization contracting work out to a 3rd party, whileoffshoringrefers to getting work done in a different country, usually to leverage cost advantages. Its possible to outsource work but not offshore it for example, hiring an outside law firm to review contracts instead of maintaining an in-house staff of lawyers. It is also possible to offshore work but not outsource it for example, a Dell customer service center in India to serve American clients.Offshore outsourcingis the practice of hiring a vendor to do the work offshore, usually to lower costs and take advantage of the vendors expertise, economies of scale, and large and scalable labor pool.Offshoring vs. Outsourcing.(n/a).Retrieved on August 11, 2014 from HYPERLINK http//www.diffen.com/difference/Offshoring_vs_Outsourcing
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