Dictionary of Procurement Terms

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Search Results: 1461-1470 of 2469 results

  • Monetary Policy

    The use of money and credit controls to influence macroeconomic outcomes. The Federal Reserve is the chief monetary policy setter in the United States. (Business, 2000)

  • Monetary System

    The set of government regulations concerning a country’s monetary reserves and its holdings of notes and coins. (Business, 2000)

  • Money

    Anything generally accepted as a medium of exchange. See Functions of Money. (Schiller, 2000)

  • Monitoring

    A contract administration tool, whereby certain procedures are developed to assure the public entity that contracted services are being delivered in accordance to the terms and specifications of the contract.

    See Also: Quality Assurance (QA)

  • Monopolistic Competition

    The market structure that exists when there are fewer businesses than in a pure-competition environment and the differences among the goods they sell are small. (Schiller, 2000)

  • Monopoly

    1. A market situation where there is one seller and many buyers of a product or service that has no close substitution and where the seller has considerable control over price because of the lack of competition. 2. A company or group having exclusive control over a product or service. (Oxford Dictionaries, 2015)

  • Monopsony

    A market in which there is only one buyer. (Schiller, 2000)

  • Morale

    An employee’s attitude toward their job, employer, and colleagues. (Ferrell & Hirt, 2002)

  • Motivation

    An inner drive that directs a person’s behavior toward goals and the accomplishment of those goals. (Ferrell & Hirt, 2002)

  • MOU


    See Also: Memorandum of Understanding (MOU)

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