Glossary Of Small Business Terms part 15

process for current and future 8(a) Business Development, Small Disadvantaged Business (SDB), and Disadvantaged Business Enterprise (DBE) program participants on Tuesday, November 23, 1999. In effect, this process will allow each agency to recognize the program certification of the other without duplicating paperwork. By streamlining certain procedures and requirements, it will reduce the burden on applicants. The agreement creates the start of a uniform application process for small disadvantaged business certification, reinventing the way the government does business with SDBs.

DUNS Data Universal Numbering System Data Universal Numbering System: the D&B

D-U-N-S Number, has become the standard for keeping track of the world's businesses. The D&B D-U-N-S Number is D&B's distinctive nine-digit identification sequence, which identifies information products and services originating exclusively through D&B. The D&B D-U-N-S Number is an internationally recognized common company identifier in EDI and global electronic commerce transactions. The world's most influential standards-setting organizations, more than 50 global, industry and trade associations, and the U.S. Federal Government recognize, recommend and/or require the D&B D-U-N-S Number.

EARNING POWER The demonstrated ability of a business to earn a profit, over time, while following good accounting practices. When a business shows a reasonable profit on invested capital after fully maintaining the business property, appropriately compensating its owner and employees, servicing its obligations, and fully recognizing its costs, the business may be said to have demonstrated earning power. Demonstrated earning power is the foremost test of the business risk in pressing upon an application for a loan.

EASEMENT A right or privilege that a person may have on another's land, as the right of a way or ingress or egress.

E-BUSINESS INSTITUTE SBA Knowledge is the most important asset small businesses will compete with in the 21st century. The E-Business Institute is a digital strategy for reaching new markets and training small business clients in a changing, global, 24/7 environment.

EDI Electronic Data Interchange: Transmission of information between computers using highly standardized electronic versions of common business documents.

EEOC Equal Employment Opportunity Commission Small Business Information The U.S. Equal Employment Opportunity Commission (EEOC) enforces the federal laws that prohibit employment discrimination on the basis of an individual's race, color, religion, sex, national origin, age, or disability.

Glossary Of SmallBusiness Terms part 16

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