Glossary

Knowledge is a term that refers to one type of resources, respectively, inputs into the production process.

Earnings after Taxes, abbreviated as EAT. It is a term that refers to financial result for an accounting period. It is already after taxation and it is available for distribution between the owners and the company.

Managerial skills is a term that refers to the required skills (competencies) of the manager.

Fixed costs are the costs that directly not depend on the volume of produced goods or provided services. For example, in terms of costs of acquiring and operation of buildings, machinery, information technology etc.

Costs mean an expression of financial value of all consumed inputs when producing goods or services.

Gross Margin, it is a term that refers to sales minus variable costs.

Expenditure is a term that refers to loss of cash and cash equivalents of the organization or other entity.

eSkills is a term used for computer skills, sometimes translated as computer or information literacy. C

Education is the process of conscious and active obtaining, transmission, arrangement and creating systems of knowledge and skills.

Cash Flow Return on Assets, usually the abbreviation ROA (CF) is used. It is a term that indicates what part of the revenue the enterprise generates from the capital bound in the property.