Severability Clauses Severability Clauses are contractual terms stating that every component of the agreement is separate from the others........
Subjective Probability The possibility of something occurring solely from one person's perspective or opinion is referred to as Subjective Probability. It varies from individual to individual...
Littoral Rights Littoral Rights are the water rights of the property owner that shares a boundary with a vast or non-flowing stream channel. Lakes and rivers, ponds, coastal waters...
Brand Personality Brand Personality is a set of innate characteristics and behavioral traits that are specific to a brand, and they remain stable across all their products.
Compound Probability The possibility of two or additional incidents coinciding is referred to as Compound Probability. Independent occurrences happen when the result of one event...
Utilitarian philosophy Utilitarian philosophy is a set of moral principles focusing on the greatest goods for the largest number of people.
Strict product liability Legal liability concept that holds manufacturers responsible for injuries caused by products, regardless of whether negligence was
Quality circles A method of grouping employees in small units that work together to improve quality and process to further the company’s goals; usually
Quality of work life (QWL) Managerial programs designed to improve the quality of human experience in the workplace. They increase outcomes such as
Profitability ratio Profitability ratio measure of a firm’s financial performance that compares earnings to sales or investments. Two common profitability