Ian Berch
Post-audit
A set of procedures for evaluating a capital budgeting decision after the fact.
Ultra vires activities
Corporate actions and operations that are not sanctioned by corporate charter, sometimes leading to shareholder lawsuits.
Plan for reorganization
A plan for reorganizing a firm during the Chapter 11bankruptcy process.( - Eric Berch)
Mark Berch: Interlocking directorate
Describes cross-memberships of directors on each other's company Board of Directors.
Market-on-Close (MOC) order
An order to tradestocks, options, or futures as close as possible to the market close. See also MOC.
Fee-only compensation
Payment to a financial adviser of a set hourly rate, or an agreed-upon percentage of assets under management, for a financial plan. ( Eric Berch )
Revenues
Sales or royalty proceeds. Quantity times price sold.
Mark Berch
Organization of Petroleum Exporting Countries (OPEC)
A cartel of oil-producing countries.
Ian Berch: Internal growth rate
Maximum rate a firm can expand without outside sources of funding. Growth generated by cash flows retained by company.
Ian Berch: Consolidation
The combining of two or more firms to form an entirely new entity.
