Ludella Lewis & Company

12/22/2014

Definition of industry: The manufacturing or technically productive enterprises in a particular field, country, region, or economy viewed collectively, or one of these individually. A single industry is often named after its...

12/19/2014

What is a strategy?

Definition of strategy: A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem.

12/18/2014

What is depreciation?

Definition of depreciation: Accounting: The gradual conversion of the cost of a tangible capital asset or fixed asset into an operational expense (called depreciation expense) over the asset's estimated useful life. The objecti...

12/17/2014

Definition of patronage: Power to confer favors, give support and protection, or to appoint to office or position. Providers of patronage (patrons) and receivers (clients) form a network through which access to various resour...

12/17/2014

Definition of principal: Law: (1) A party who designates another (the agent) to act on his or her behalf. (2) A party that has the primary responsibility in a liability or obligation, as opposed to an endorser, guarantor, or ...

12/17/2014

Definition of due process: Conduct of legal proceedings strictly according to established principles and procedures, laid down to ensure fair trial for every accused. Because the infallibility of court judgments cannot be guara...

12/17/2014

The Senate approved legislation Tuesday that retroactively extends a number of expired tax provisions for one year,

The Senate approved legislation Tuesday that retroactively extends a number of expired tax provisions for one year, through 2014. Included in the extended provisions are the research-and-development credit, bonus depreciation and higher limits under Section 179. The bill goes to the president for hi…

12/13/2014

Definition of premium: General: Excess over apparent worth.

12/12/2014

Definition of trademark (™): Distinctive design, graphics, logo, symbols, words, or any combination thereof that uniquely identifies a firm and/or its goods or services, guarantees the item's genuineness, and gives it owner the l...

12/11/2014

The Internal Revenue Service on Wednesday issued the standard mileage rates for business use of an automobile, and for driving for medical or moving purposes, for 2015. The business use rate will go up from the 2014 rates, while the medical and moving rate is going down.

12/10/2014

What is a caveat?

Definition of caveat: Formal notice or warning, usually as an entry into a court register, given by a concerned party to a court or judge to prevent some action (such as granting of a probate) being taken without prior not...

12/10/2014

Republican and Democratic leaders in Congress have reached agreement on a $1.01 trillion spending bill that would end the threat of a U.S. government shutdown. A stopgap measure to continue funding for a brief period will be introduced to give the House and the Senate time to pass the larger measure…

12/09/2014

The hacking gang Lizard Squad has claimed credit for knocking Sony's PlayStation Network offline. Meanwhile, investigators continue to suspect North Korea may have

12/09/2014

Major banks are encouraging some large clients to go to other financial institutions with their cash, saying that regulations are making some deposits more onerous for them to hold, sources said. Banks have told some clients, such as hedge funds, insurers, large companies and smaller banks, that the…

12/09/2014

Definition of synergy: A state in which two or more things work together in a particularly fruitful way that produces an effect greater the sum of their individual effects. Expressed also as the whole is greater than the su...

12/08/2014

Definition of poverty: Condition where people's basic needs for food, clothing, and shelter are not being met. Poverty is generally of two types: (1) Absolute poverty is synonymous with destitution and occurs when people ca...

12/05/2014

What is a system?

Definition: A set of detailed methods, procedures and routines created to carry out a specific activity, perform a...Click to read more about system.

12/05/2014

DoJ Creating Cybercrime Team

http://www.govinfosecurity.com/doj-creating-cybercrime-team-a-7640?rf=2014-12-05-eg&utm_source=SilverpopMailing&utm_medium=email&utm_campaign=enews-gis-20141205%20(1)&utm_content=&spMailingID=7339648&spUserID=NTQ5MzM0NTg2OTkS1&spJobID=580637118&spReportId=NTgwNjM3MTE4S0

12/05/2014

The U.S. Labor Department reported that 321,000 jobs were created in November, beating the 230,000 jobs that economists predicted. The unemployment rate stayed at 5.8%.

12/04/2014

What is self-actualization?

Definition of self-actualization: The motivation to realize one's own maximum potential and possibilities. It is considered to be the master motive or the only real motive, all other motives being its various forms. In Maslow's hiera...

12/04/2014

The destructive code that was used to infect and erase hard drives at Sony Pictures Entertainment - and which was the subject of a recent FBI "flash

12/04/2014

In the wake of the FBI issuing a warning that a U.S. business, reportedly Sony Pictures Entertainment, has been attacked using a dangerous form of "wiper"

12/04/2014

Definition of comparative advantage: Concept in economics that a country should specialize in producing and exporting only those goods and services which it can produce more efficiently (at lower opportunity cost) than other goods and se...

12/02/2014

Definition of command economy: An economy in which market mechanisms are replaced by a centralized state authority which coordinates all economic activity through commands, directives and regulations for the purpose of achieving br...

12/02/2014

Factories Humming in U.S. Even Amid Global Slowing: Economy

Manufacturing growth was nearly unchanged in the U.S. last month, while Germany, China, France and Italy experienced unexpected contractions. The Institute for Supply Management's index was 58.7 in November, essentially unchanged from October, and remains at one of the highest levels since 2011. Acc…

12/01/2014

A new U.K. government report accuses social networks of serving as a "safe haven for terrorists," inflaming what some see as tense relations in the

12/01/2014

London Police Retool for Cybercrime

London's Metropolitan Police force has announced sweeping changes to its plans for fighting online crime and fraud. Security experts say the changes reflect how the

12/01/2014

A year after Facebook received a bug report regarding a loophole in its app architecture, the vulnerability remains exploitable, says the researcher who discovered

12/01/2014

Yes, it's that time of year. What will happen when Congress returns to the nation's capital this week for a lame-duck session? Edward Karl, CPA, AICPA vice president of taxation, looks into his crystal ball and offers a few predictions.

11/29/2014

Definition of Black Friday: The day after Thanksgiving Day that signals the beginning of the Christmas shopping season. Retailers kick off the season by offering deep discounts on products for those shoppers lucky enough to obta...