The AMA Dictionary of Business and Management

The AMA Dictionary of Business and Management

Author: George Thomas Kurian
Pub Date: April 2013
Print Edition: $24.95
Print ISBN: 9780814420287
Page Count: 304
Format: Hardback
e-Book ISBN: 9780814420294

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A1 In life and marine insurance, rating

given to person or property in perfect



AAA Prime rating given to securities by

Standard and Poor’s.


AAP Affirmative Action



Abandonment 1. Final stage in a product

life cycle when the decision is made to discontinue

it. 2. Relinquishing a product to a

third party with or without a settlement or



Abandonment option Choice of terminating

an investment before its scheduled

closing date.


ABB Activity-based budgeting


ABC Activity-based costing


ABC Audit Bureau of



Abilene paradox Th eory that some decisions

ostensibly based on consensus are

counterproductive because they are founded

on misperceptions and poor communications.

Proposed by Jerry Harvey, Professor

Emeritus of Management, George Washington

University, in 1974.


Abnormal return Rate of return for a risk

greater than that required or expected by



Above-the-line 1. Entries in a profi t-andloss

account that are within the ordinary

activities of business. 2. Entries in a balance

sheet dealing with revenue, as opposed to

capital. Compare Below-the-line. 3. Advertising

through television, radio, newspapers,

and Internet.


Abreaction channel Mechanisms for employees

to express dissatisfaction with their

work or their superiors.


Absence culture Corporate culture in which

absenteeism is condoned.


Absenteeism Unauthorized leave from

work, especially repeatedly.


Absolute cost advantage Cost of producing

AMA Dictionary of Business and Management.indb 1 01/02/13 3:14 PM

A 2 Th e AMA Dictionary of Business and Management

particular products as infl uenced by certain

advantages, such as cheap labor or abundant

natural resources.


Absolute cost barrier Built-in obstacle to

entry into a new market, such as the advantage

held by established or large fi rms.


Absolute market share Per capita income.

See Relative share.


Absolute monopoly Severe form of monopoly

in which production and distribution

of a product or service is in the hands

of a single corporation.


Absolute performance standard Th eoretical

standard of performance, such as Zero

defect, against which actual performance

may be judged.

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