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Sixth Man: The best sub on the team, the first guy off the bench to replace a starter.

Participative Management: A management style, developed by Motorola, that involves employees in the decision-making process.

Pac-Man Strategy: Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm.

Original Equipment Manufacturer (OEM): Any manufacturer that sells its product to a reseller. Most often refers to the original manufacturer of a device or component, but certain products licensed as OEM, like Windows operating s . . . View Full Definition

Operating Performance Ratio: An overall measure of the efficiency of operations during a period: computed by dividing net income by net sales.

Oral Reprimand: A verbal warning given to an employee by a manager or supervisor as a means of correcting inappropriate behavior or conduct.

Passive Investment Management: Buying a well diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities.

Pay For Performance (PFP): Payment structure where affiliated sales workers are paid commission for getting consumers to perform certain actions. Publishers publishing contextual ads are typically paid per ad click. A . . . View Full Definition

Performance Attribution Analysis: The decomposition of a money manager's performance results to explain the reasons why those results were achieved. This analysis seeks to answer questions such as: (1) What were the major so . . . View Full Definition

Performance Based Inspection System (PBIS): A computer-based system used by USDA’s meat and poultry inspection agency, the Food Safety and Inspection Service. The system organizes inspection requirements, schedules inspection activiti . . . View Full Definition