Business Activity

Depression (Economic)
An economic condition characterized by a significant decrease in business activity, falling prices, reduced purchasing power, excess supply over demand, rising unemployment, accumulating inventories, deflation, plant contraction, public fear, and caution.
Government Enterprise
A Government Enterprise is a governmentally sponsored business activity, which operates like a corporate business entity. Despite generating its revenue from services rather than through taxation, this enterprise is often publicly managed and oriented towards public welfare.
Interstate Commerce
Interstate commerce encompasses business activities among inhabitants of different states, including the transportation of persons and property, navigation of public waters, and the purchase, sale, and exchange of commodities.
Management Discussion and Analysis (MD&A)
In the USA, the section in the annual report to stockholders and in Form 10-K that is required by the Securities and Exchange Commission. The purpose of the MD&A is to assist investors to understand the impact of changes in accounting and business activity that have affected comparisons with the results of previous years.
Profit-Volume Chart (PV Chart)
A PV chart graphically displays the relationship between profits, losses, and different levels of business activity, highlighting the breakeven point and fixed costs.
Semi-Variable Cost
An expense containing both fixed and variable cost elements, impacting overall costs depending on the level of business activity.
Snowballing
Snowballing in business refers to a situation in which business activity rapidly increases and builds momentum, often leading to exponential growth.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.