Management Glossary

  Terms beginning with i
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intrinsic reward

A reward that an employee receives from just doing the job, such as self-fulfillment, skills development, pride of accomplishment, etc.

Contributed by: Managerwise Staff
See: extrinsic reward

inventory financing
Financing that uses finished goods inventories as collateral. Inventory financing loans must be paid off as the goods are sold.
Contributed by: Managerwise Staff
See: collateral

inventory turnover

A ratio relating annual sales to average finished goods inventory. It is calculated as:

number of units of product x sold annually
average units of product x in inventory

The inventory turnover value tells you how many times the average inventory volume is sold in a year. A low number, particularly a number less than one, is a sign of possible problems as it likely indicates that the company is keeping too much inventory on hand — inventory that it usually has to finance until sold.

Contributed by: Managerwise Staff

IPO
Intial Public Offering
Contributed by: ManagerWise Staff
See: intial public offering

IR
  1. investor relations
     
  2. industrial relations
IRI

Industrial Research Institute. Web site: www.iriinc.org

IRR
Contributed by: Managerwise Staff
See: internal rate of return

ISO
International Standards Organization
Contributed by: ManagerWise Staff
See: international standards organization

IT
Information Technology
Contributed by: ManagerWise Staff
See: information technology



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