procedure

Term of the Day procedure A fixed, step-by-step sequence of activities or course of action (with definite start and end points) that must be followed in the same order to correctly perform a task. Repetitive procedures are called routines. See also method. Learn more about this term Usage Example Unfortunate recruiting experiences in the past have led to a fairly strict procedure for each of the company's recruiters to follow when hiring new employees.

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subsidy

Term of the Day subsidy 1. Economic benefit (such as a tax allowance or duty rebate) or financial aid (such as a cash grant or soft loan) provided by a government to (1) support a desirable activity (such as exports), (2) keep prices of staples low, (3) maintainthe income of the producers of critical or strategic products, (4) maintainemployment levels, or (5) induce investment to reduce unemployment. The basiccharacteristic of all subsidies is to reduce the market price of an item below itscost of production. Also called subvention. 2. Indirect financial contribution by a firm to its employees, such as low costmeals or benefit. Learn more about this term Usage Example The government offers a subsidy to employers of students so that they are able to continue work-study programs and complete their educational degrees.

Friday Quiz Challenge Test your knowledge of this week's terms Question: This is a way for a business to ensure control over their product and incoming profits, while paying less attention to customer or market demands. Choose the Right Answer: (A) SWOT analysis (B) monopoly (C) organizational culture (D) franchising

Rain

Rain is one of the beautiful blessing of God. Rain has its characteristics pure smell and its spread everywhere when the first drop of rain falls. Rain usually bring inner happiness but its depends on the persons mood. When you are Happy Rain feels as life, message from heaven and unlimited joy of nature, but when you are feeling sad raindrops become tears Bitter and salty and major hurdle between the sunlight and you. Here we are sharing some beautiful rain picture. Have a look and enjoy these rainy day.