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A-Z Glossary
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Glossary Definitions
- Factors of Production
To enable a firm to produce outputs, some combination of land, labour, capital and enterprise must be used. These four resources are called the factors of production. - Enterprise Ireland (5th Edition)
- Field research
Collecting original information rather than relying on previously available material. It usually involves face-to-face interviewing, discussion groups or surveys (telephone or postal). - National Lottery (13th Edition)
- Final Remuneration
The term used by the Revenue Commissioners for the maximum amount of earnings which it will permit to be used for the purposes of calculating maximum approvable benefits. - The Pensions Board (6th Edition)
- Financial Services Provider
All firms that sell financial products. This includes banks and building societies, insurance companies, credit unions, brokers and stockbrokers. - IFSRA (8th Edition)
- Fiscal Policy
Government revenue and expenditure policy which is implemented by altering taxes and/or government spending. This differs from Monetary Policy which is carried out by the Central Bank and relates to money supply and interest rates. - Department of Health (9th Edition) | Revenue (7th Edition)
- Fixed interest
The rate of interest is set at the start of the loan. The fixed rate will not change throughout the period of the loan regardless of whether market rates rise or fall. If you repay a fixedrate loan early you will have to pay an interest penalty, or extra charge, for doing so. - Financial Regulator (11th Edition)
- Flora and Fauna
Fauna is a collective term for all kinds of animals and Flora is a collective term for all kinds of plants. - NRA (10th Edition)
- Flow of Wealth
Wealth is the total stock of assets which a person owns at a particular point in time. However income is the flow of wealth, earned by an individual over a period of time. - Dept. of Finance (5th Edition)
- FMCG
Fast Moving Consumer Goods: This is usually an everyday low priced and low risk product that requires very little thought when purchasing. - Food Safety Promotion Board (8th Edition)
- Focus Groups
A small sample of typical consumers under the direction of a group leader who elicits their reaction to a stimulus such as a product or brand. - Coca-Cola Ireland (6th Edition) :: AIB (11th Edition)
- Food Chain
shows how each living thing gets its food. Some animals eat plants and some animals eat other animals. Each link in this chain is food for the next link. A food chain always starts with plant life and ends with an animal. - Food Safety Promotion Board (8th Edition)
- Foundation
A charitable foundation is a public or private trust that exists for a charitable purpose. Charitable foundations use their endowment to make grants to other charitable organisations, which indirectly carry out the goals of the foundation. - The Atlantic Philantropies(12th Edition)
- Founding Treaties
Treaty Establishing the European Coal and Steel Community (Treaty of Paris) 1951 – France, Germany, Italy, Belgium, Luxembourg and the Netherlands pool their coal and steel resources and create a unified market for these products, lifting restrictions on imports and exports, and creating a unified labour market.
Treaty Establishing the European Economic Community (Treaty of Rome) 1957 – Created a common market aimed at facilitating the movement of goods, services, capital, and labour. Abolished all internal tariffs. Established a common agricultural policy (CAP) and a common external trade policy.
Treaty Establishing the European Atomic Energy Community (EURATOM) 1957 – Established to coordinate the Member States' research programmes for the peaceful use of nuclear energy. It also helps to pool knowledge, infrastructure and funding of nuclear energy.
Treaty on European Union (The Maastricht Treaty) 1992 – This treaty granted EU citizenship to every citizen of EU Member States. It provided for the establishment of a single currency (euro) and introduced a central banking system.
Other Treaties –
• Single European Act (1986)
• Treaty of Amsterdam (1997)
• Treaty of Nice (2001) - EU Commission (10th Edition)
- Franchise
A franchise business is a method a company uses to distribute its products or services through retail outlets owned by independent, third party operators. The independent operator does business using the marketing methods, trademarked goods and services and the goodwill and name recognition developed by the company in exchange for an initial sign on fee or royalty. - Musgrave (6th Edition)
- Fund Manager
Manager responsible for making decisions related to any portfolio of investments (often a mutual fund, pension fund, or insurance fund) in accordance with the goals of the fund. - National Pensions Board (7th Edition)
