Legal consequences due to the negligence on the part of a professional .

Policy which allows a provision for paying compensation to those, who have suffered, due to the negligence of a professional .

Behavior different from prescribed in the moral, ethical and professional code of conduct .

Amalgation of two different professional (normally from different professional backgrounds) to offer services to public.

Legal, moral and ethical responsibility of a professional to serve the needs of the client (s) being served, without infringing any harm upon both the parties.

Services, which require a formal certification by a professional body , such as legal, medical, accouting, etc are called professional services .

A legal agreement, underwhich both parties decide to exchange the services in lieu of payment or advice or work (depending upon the individual ).

Abiding by the legal and professional ethic of code, which includes exercising the level of care, diligence and devotion.

Quality of work, devotion and work ethics, comarable to a professiona.

a term that is used for an offer or to offer.

It is the measure of one’s expertise in a certain subject, language or concept.

L. Lat In old English law . Profits; especially the “issues and profits” of an estate in land. See Co. Litt. 142.

In civil engineering , a drawing representing the elevation of the various points on the plan of a road, or the like, above soma fixed elevation. Pub. St. Mass. 1SS2, […]

It is total revenue minus total cost. It is th amount on which the tax is levied.

Right or Privilege to use the resources belonging to someone else’s land for the motive of profit/

A form of insurance on the property or assets, which assist a firm in realizing the profits. Insurance company insures the amount of income lost due to any damage to […]

The daily summary of loss and profit. It helps a company prevent losses and increase returns. It is a valuable tool in risk management .

It is the amount liable in the form of income tax (exclusive of tax) in the firms account sheet.

Special deparments in a firm, which aim at setting the overall financial objectives along with stratergies to realise them.

Various factors including the cost of the inplut, sales and any other aspect, which impacts the total profits on a good.

PIMS is an americna based financial thinktank, which documents and does financial analysis of 3000 busines units of 500 odd American companies based on some parameters such as profitability , […]

Profit margin is the rato of profit after taxation to the initial investment. This defines the profitablity of the firm. A rator more than 1 is deemed desirable.

The capacity of a firm to make the most number of profits with least amount of input/

The main reason behind involvement of a large number of people in enterprising sector.

It is the multiplication of profit before tax and market multiplier, which is calculated / estimated from the selling price of relatively similar business, or published by the national financial […]