Virtual cooperation refers to a group of companies that form a temporary alliance using a computer network to accomplish a shared objective. This strategic collaboration allows businesses to leverage each other's strengths and resources without the need for physical proximity.
Visibility refers to the immediate insights that managers gain into a business operation through effective supply chain management. It involves tracking and managing all aspects of the supply chain process, from procurement of raw materials to delivery of the final product.
A vision is a comprehensive view of the future that can significantly influence and guide current management strategies. It serves as a long-term organizational goal, aligning efforts and providing a clear direction for future growth and development.
VocaLink is the company responsible for owning and operating the UK's national bank payments infrastructure. It works closely with Bacs, the automated payments scheme used by British banks, and LINK, the national network of cash machines.
Vocational guidance, also known as career counseling, is the process by which individuals are advised and aided in making career decisions. This involves understanding personal traits and preferences, assessing skills, exploring job opportunities, and matching these factors to suitable careers.
Vocational rehabilitation aims at equipping individuals with updated job skills to return to the workplace. This can involve various training programs and resources tailored to meet individual needs, ranging from simple skills like word processing to complex occupational tasks.
Voice activated systems are machines that can recognize and respond to spoken words, enabling hands-free operation and providing enhanced accessibility.
Voice over IP (VoIP) is a technology that enables the transmission of voice communications over data networks such as the Internet or corporate intranets. It is commonly referred to as Internet telephony. VoIP has revolutionized telecommunications by enabling voice calls to be transmitted over the internet, providing cost-effective and flexible communication solutions.
Voice recognition refers to a computer's ability to recognize spoken commands and act on them as if they were keyboard or mouse commands, and to enable dictation input. Despite advancements, the technology is still evolving and can produce errors even after training to accommodate a user's accent and speech.
Voicemail refers to messages that are received by telephone, recorded, and played automatically when the recipient requests them. Voicemail systems are computer-controlled, and messages are saved in digital form.
In legal terms, void refers to something that is null, empty, unenforceable, or incapable of ratification.
In legal terms, 'voidable' describes a situation where a legal obligation or transaction remains valid and enforceable unless an affected party chooses to void it. This legal classification often arises in contracts, where a defect that allows for annulment can be systematically asserted or proven in court. Until such action happens, the voidable act or agreement retains its legal force.
In finance and economics, the term 'volatile' refers to the tendency for rapid and extreme fluctuations in the price of a particular asset such as stocks, bonds, or commodities. Market-related volatility in stocks is typically measured by the Beta Coefficient.
A Voltage Regulator is a protective device that maintains electric line voltage within a prescribed range, protecting computers and other electronic devices from potential damage caused by power surges.
Volume can refer to the total number of stock shares traded, a set of periodical issues, or the amount of space occupied in three dimensions.
A Volume Discount is a pricing strategy where a seller offers a lower price per unit of a product when purchased in larger quantities. This encourages buyers to purchase more to gain the benefit of lower unit costs.
A manufacturer's discount offered to a retailer or wholesaler for buying large quantities of merchandise, encouraging bulk purchasing and long-term business relationships.
Volume variances refer to the differences between the actual volume of sales or production and the expected (budgeted or planned) volume. These variances can be further divided into specific categories like fixed overhead volume variance and sales margin volume variance.
A Voluntary Accumulation Plan is a financial strategy subscribed to by a mutual fund shareholder to accumulate shares in that fund over time. The shareholder decides both the investment amount and the investment intervals.
A detailed examination of Company Voluntary Arrangements (CVA) and Individual Voluntary Arrangements (IVA) as defined under the Insolvency Act 1986, including their objectives, processes, and key differences.
Voluntary bankruptcy is a legal proceeding initiated by the debtor who files a petition of bankruptcy in the appropriate U.S. district court under the Bankruptcy Act. This process contrasts with involuntary bankruptcy, where creditors petition the court to declare the debtor insolvent.
A voluntary conveyance refers to the sale or transfer of property done willingly by the owner, without any form of external compulsion or legal coercion. It stands in contrast to involuntary acts such as condemnation or eminent domain.
A group that provides for the payment of life, sickness, or accident benefits to individuals with an employment-related bond.
A voluntary lien is a legal claim against a property, typically agreed upon by the property owner, often involving mortgages or other secured loans.
Voluntary liquidation, also known as voluntary winding-up, is a process where a company's directors choose to dissolve the company, usually to terminate its operations and distribute its assets.
A voluntary plan, short for voluntary deductible employee contribution plan, is a type of pension plan where the employee elects to have contributions (which, depending on the plan, may be before or after-tax) deducted from each paycheck.
Registration for value-added tax (VAT) by a taxable person whose taxable turnover does not exceed the registration threshold. This option allows businesses to benefit from claiming input tax credits even if their revenue—taxable turnover—does not mandate compulsory VAT registration.
An organization of unpaid individuals who help others prepare their tax returns. Principally assisted are elderly, disabled, and non-English-speaking taxpayers.
Vonage is a public company that provides cloud communications services, including Voice over Internet Protocol (VoIP) services for businesses and individuals.
Voting right refers to the entitlement of a common shareholder to vote on the corporate affairs of a company either in person or by proxy.
Voting shares are shares in a company that give the shareholder the right to vote at the company's general and extraordinary meetings, typically associated with ordinary shares.
Voting stock refers to shares in a corporation that entitle the shareholder to participate in voting on matters such as electing the board of directors, mergers, acquisitions, and other significant corporate policies.
A Voting Trust Certificate is a transferable certificate that represents beneficial interest in a voting trust established to centralize corporate control and facilitate reorganization during financial difficulties.
A voucher serves as a receipt for money or any document that supports an entry in a book of account, acting as evidence for financial transactions.
A voucher register is a book or electronic record used to list vouchers, generally in chronological and numerical order. Vouchers are original documents serving as evidence for a business transaction.
A substantive test in an audit to verify that the underlying records accurately represent the transactions entered into by the audited business.
A Vulture Fund is a type of limited partnership that invests in distressed properties, often real estate, with the intent of profiting when prices rebound.
