Business & money
What is a septic pump out?

What is a septic pump out? When it comes to septic tanks, the words “pumping” and “cleaning” are often used interchangeably, even though they mean slightly different things: pumping means removing liquid and some floating solids/sludge, while cleaning means removing all the water and compacted ...

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What is a septic system design?

What is a septic system design? A decentralized wastewater treatment system consisting of a septic tank and a trench or bed subsurface wastewater infiltration system (drainfield). A conventional septic system is typically installed at a single-family home or small business. The gravel/stone ...

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What is a revocable trust account?

What is a revocable trust account? Revocable Trusts A revocable trust account is a deposit account owned by one or more people that designates one or more beneficiaries who will receive the deposits upon the death of the owner(s). The term "owner" means the grantor, settlor, or trustor of the ...

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What is a ring mandrel used for?

What is a ring mandrel used for? A ring mandrel, also known as a triblet is a large, tapered tool made from steel which is perfect for forming, shaping and reshaping rings on. Most mandrels will also have ring sizes on, so you can ensure you are forming the correct sized ring. What can I use ...

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What is a purchasing cycle in hospitality?

What is a purchasing cycle in hospitality? The purchasing cycle—also called the procurement cycle or procure-to-pay (P2P)—is the process by which you order, obtain, and pay for the goods and services your business needs. 5 steps to understanding your customer's buying process. Problem/need ...

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What is a risk and issue log?

What is a risk and issue log? An issue log is a simple list or spreadsheet that helps managers track the issues that arise in a project and prioritize a response to them. It's different than a risk, which can be defined as a potential problem or future issue that might happen in your project. ...

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What is a pure strategy in aggregate planning?

What is a pure strategy in aggregate planning? There are two pure planning strategies available to the aggregate planner: a level strategy and a chase strategy. Firms may choose to utilize one of the pure strategies in isolation, or they may opt for a strategy that combines the two. What is ...

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What is a RME in construction?

What is a RME in construction? Renting a qualifier means that a non-licensed contracting business pays an individual who holds a California contractor's license to act as the Responsible Managing Officer (“RMO”) or Responsible Managing Employee (“RME”) of a construction company, when that person ...

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What is a ratchet deal?

What is a ratchet deal? A ratchet is an anti-dilution protection mechanism whereby management's equity stake may be altered on the happening of various future events. Ratchet is provided as an incentive to management, as they are given the opportunity to achieve additional economic compensation. ...

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What is a round in gun terms?

What is a round in gun terms? Round: A complete unit of ammunition (also known as a cartridge) that has a casing, a primer, a propellant, and a projectile. Safety: A mechanism on modern firearms that prevents a gun's trigger from being pulled, thus preventing the gun from being fired. How ...

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What is a rating error?

What is a rating error? Rating errors are mistakes in judgment that result from allowing extraneous factors to influence our decisions about the quality of someone's job performance. For example, consider the guilt-by-association error: The employees that Samantha hangs around with are poor ...

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What is a salary advance loan?

What is a salary advance loan? What is the difference between salary advance and loan? Salary advance loans is a short-term loan that is extended to salaried professionals. It can be used for any purpose such as medical expenses, covering huge expenditures, or any other emergency. A loan is ...

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