Author Archives: tessafisher

Ordinary care is defined as: means that the bailee will be liable if negligent  in some way. Example: a mutual-benefit bailment, in which consideration is given and received both bailor and bailee, invokes surty of ordinary care.

Job Description is defined as: an abstract of a job analysis containing the classification of and requirements for a job, used in hiring and placing prospective employees.   Example: Job description refers to the required tasks, knowledge, skills, abilities, and … Continue reading →

Tangible personal property is something that has physical form. Intangible personal property comprises anything that does not have physical form. Example: A car is considered tangible property, while knowledge you have about that car is considered intangible property.

Skilled labor is defined as: labor that requires special training for its satisfactory performance. Unskilled labor is defined as: work that requires practically no training or experience for its adequate or competent performance.   Example: Skilled labor requires certain specific … Continue reading →

A copyright protects the expression of a creative works, such as the work of an author, artist, or composer. Example: Certain artists have copyrights to protect their work from getting stolen.

Definition:A floor plan is a simple line drawing showing rooms as though seen from above. Walls, doorways, and windows are often drawn to scale. Example: When shopping for house plans or building plans, you may study the floor plans to … Continue reading →

Property is defined as: the rights and interests we recognize in one another in tangible and intangible things. Example: Buying a house is a wise investment, property will always retain value.

a system for verifying and maintaining a desired level of quality in an existing product or service by carefulplanning, use of proper equipment, continued inspection, and corrective action as required. Example: If you want to have a successful business, you have to practice quality control.

Daily Customer Count is defined as:How many customers enter your store daily. Example: I need to find out the daily customer count for my business so I can anticipate future sales.

Sales projection is defined as:A sales projection is the amount of revenue a company expects to earn at some point in the future. It’s a prediction that is synonymous with a sales forecast. Both help determine the health of a … Continue reading →