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Wiki Wiki Summary
Arithmetic Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operations management Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Emergency operations center An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
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Income statement An income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a company and shows the company's revenues and expenses during a particular period.It indicates how the revenues (also known as the “top line”) are transformed into the net income or net profit (the result after all revenues and expenses have been accounted for). The purpose of the income statement is to show managers and investors whether the company made money (profit) or lost money (loss) during the period being reported.
Cost accounting Cost accounting is defined as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, allocating, aggregating and reporting such costs and comparing them with standard costs." (IMA) Often considered a subset of managerial accounting, its end goal is to advise the management on how to optimize business practices and processes based on cost efficiency and capability.
Financial accounting Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.
Accounting standard Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders.
List of financial performance measures This article comprises a list of measures of financial performance.
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Organizational performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives).\nOrganizational performance also the success or fulfilment of organization at end of program or projects as it is intended.
Corporate social responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically oriented practices. While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy, that time has passed as various national and international laws have been developed.
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Effectiveness Effectiveness is the capability of producing a desired result or the ability to produce desired output. When something is deemed effective, it means it has an intended or expected outcome, or produces a deep, vivid impression.
PULSE (computer system) PULSE (Police Using Leading Systems Effectively) is a computer system used by the Garda Síochána, the police force of the Republic of Ireland. The system was introduced in November 1999.The contract for the system was awarded to Andersen Consulting (now Accenture) and is managed by a directorate of three senior Gardaí and an Accenture consultant.
Bernays–Schönfinkel class The Bernays–Schönfinkel class (also known as Bernays–Schönfinkel–Ramsey class) of formulas, named after Paul Bernays, Moses Schönfinkel and Frank P. Ramsey, is a fragment of first-order logic formulas where satisfiability is decidable.\nIt is the set of sentences that, when written in prenex normal form, have an \n \n \n \n \n ∃\n \n ∗\n \n \n \n ∀\n \n ∗\n \n \n \n \n {\displaystyle \exists ^{*}\forall ^{*}}\n quantifier prefix and do not contain any function symbols.
Eastern Time Zone The Eastern Time Zone (ET) is a time zone encompassing part or all of 23 states in the eastern part of the United States, parts of eastern Canada, the state of Quintana Roo in Mexico, Panama and Colombia, mainland Ecuador, Peru, and a small portion of westernmost Brazil in South America, along with certain Caribbean and Atlantic islands.\nPlaces that use:\n\nEastern Standard Time (EST), when observing standard time (autumn/winter), are five hours behind Coordinated Universal Time (UTC−05:00).
Countershading Countershading, or Thayer's law, is a method of camouflage in which an animal's coloration is darker on the upper side and lighter on the underside of the body. This pattern is found in many species of mammals, reptiles, birds, fish, and insects, both predators and prey, and has occurred since at least between 145.5 and 65.5 million years ago, or the Cretaceous period.
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Management Management (or managing) is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.
Agile management Agile management is the application of the principles of Agile software development to various management processes, particularly project management. Following the appearance of the Manifesto for Agile Software Development in 2001, Agile techniques started to spread into other areas of activity.
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Risk Factors
HOME DEPOT INC Item 1A Risk Factors
The risks described below could materially and adversely affect our business, financial condition and results of operations
These risks could cause our actual results to differ materially from our historical experience and from results predicted by forward-looking statements made by us related to conditions or events that we anticipate may occur in the future
Those statements may relate to such matters as Net Sales growth, increases in comparable store sales, impact of cannibalization, commodity price inflation and deflation, implementation of store initiatives, protection of intellectual property rights, Net Earnings performance, earnings per share, stock-based compensation expense, store openings and closures, payments on commercial paper borrowings, the effect of adopting certain accounting standards, future financial reporting, financing, margins, return on invested capital, operations after the 9 _________________________________________________________________ closing of the merger with Hughes Supply, the timing and certainty of closing of the merger with Hughes Supply, the accounting and financial impact of the merger with Hughes Supply, strategic direction and the demand for our products and services
All forward-looking statements by us are qualified by the risks described below
Our operations could also be affected by additional factors that are not presently known to us or by factors that we currently consider immaterial to our business
Rising costs, a reduction in the availability of consumer credit, weather and other conditions in North America could adversely affect our costs of doing business, demand for our products and services and our average ticket price
Interest rates, fuel and other energy costs, labor and healthcare costs, consumer credit availability, weather, natural disasters, terrorism and other conditions that adversely affect consumer demand for our products and services could adversely affect our financial performance
These and other similar factors could: • increase our costs, • cause our customers to delay undertaking or determine not to undertake new home improvement projects, • cause our customers to delay purchasing or determine not to purchase home improvement products and services, and • lead to a decline in average ticket price
We rely on third party suppliers, and if we fail to identify and develop relationships with a sufficient number of qualified suppliers, our ability to timely and efficiently access products that meet our high standards for quality could be adversely affected
We buy our store merchandise from suppliers located throughout the world
Our ability to continue to identify and develop relationships with qualified suppliers who can satisfy our high standards for quality and our need to access products in a timely and efficient manner is a significant challenge
Our ability to access products also can be adversely affected by political instability, the financial instability of suppliers, suppliers &apos noncompliance with applicable laws, trade restrictions, tariffs, currency exchange rates, transport capacity and cost and other factors beyond our control
If we are unable to effectively manage and expand our alliances and relationships with selected suppliers of brand name products, we may be unable to effectively execute our strategy to differentiate us from our competitors
As part of our strategy of differentiation, we have formed strategic alliances and exclusive relationships with selected suppliers to market products under a variety of well-recognized brand names
If we are unable to manage and expand these alliances and relationships or identify alternative sources for comparable products, we may not be able to effectively execute our strategy of differentiation
Any inability to open new stores on schedule will delay the contribution of these new stores to our financial performance
We expect to increase our presence in existing markets and enter new markets
Our ability to open new stores will depend primarily on our ability to: • identify attractive locations, • negotiate leases or real estate purchase agreements on acceptable terms, • attract and train qualified employees, and • manage pre-opening expenses, including construction costs
10 _________________________________________________________________ Our ability to open new stores also will be affected by environmental regulations, local zoning issues and other laws related to land use
Failure to effectively manage these and other similar factors will affect our ability to open stores on schedule, which will delay the impact of these new stores on our financial performance
The implementation of our technology initiatives could disrupt our operations in the near term, and our technology initiatives might not provide the anticipated benefits or might fail
We have made and will continue to make significant technology investments both in our stores and in our administrative functions
Our technology initiatives are designed to streamline our operations to allow our associates to continue to provide high quality service to our customers and to provide our customers a better in-store experience
The cost and potential problems and interruptions associated with the implementation of our technology initiatives could disrupt or reduce the efficiency of our operations in the near term
In addition, our new or upgraded technology might not provide the anticipated benefits, it might take longer than expected to realize the anticipated benefits or the technology might fail altogether
We may not timely identify or effectively respond to consumer trends, which could adversely affect our relationship with our customers, the demand for our products and services and our market share
It is difficult to successfully predict the products and services our customers will demand
The success of our business depends in part on our ability to identify and respond to evolving trends in demographics and consumer preferences
Failure to timely identify or effectively respond to changing consumer tastes, preferences, spending patterns and home improvement needs could adversely affect our relationship with our customers, the demand for our products and services and our market share
The inflation or deflation of commodity prices could affect our prices, demand for our products, sales and profit margins
Prices of certain commodity products, including lumber and other raw materials, are historically volatile and are subject to fluctuations arising from changes in domestic and international supply and demand, labor costs, competition, market speculation, government regulations and periodic delays in delivery
Rapid and significant changes in commodity prices may affect our sales and profit margins
If we cannot successfully identify and complete acquisition opportunities and integrate the acquired businesses, we may be unable to successfully execute our expansion strategy
The success of our expansion strategy depends, in part, on our ability to identify attractive acquisition opportunities, complete acquisitions on financially attractive terms and integrate them with our other businesses
Integration of our acquisitions presents significant challenges and risks to our business, including: • distraction of management from regular business concerns, • assimilation and retention of employees and customers of the acquired business, • integration of technologies, services and products, and • achievement of appropriate internal control over financial reporting
There is no assurance that we will be able to successfully manage the risks associated with acquiring and integrating other businesses
11 _________________________________________________________________ If we cannot successfully manage the unique challenges presented by international markets, we may not be successful in expanding our international operations
Our expansion strategy includes expansion of our operations in existing and new international markets by selective acquisitions, strategic alliances and the opening of new stores
Our ability to successfully execute our expansion strategy in international markets is affected by many of the same operational risks we face in expanding our US operations
In addition, our international expansion may be adversely affected by our ability to identify and gain access to local suppliers as well as by local laws and customs, legal and regulatory constraints, political and economic conditions and currency regulations of the countries or regions in which we currently operate or intend to operate in the future
Risks inherent in our international operations also include, among others, the costs and difficulties of managing international operations, adverse tax consequences and greater difficulty in enforcing intellectual property rights
Additionally, foreign currency exchange rates and fluctuations may have an impact on our future costs or on future cash flows from our international operations
Our success depends upon our ability to attract, train and retain highly qualified associates
To be successful, we must attract, train and retain a large and growing number of highly qualified associates while controlling related labor costs
Our ability to control labor costs is subject to numerous external factors, including prevailing wage rates and health and other insurance costs
In addition, many of our associates are in hourly positions with historically high turnover rates
We compete with other retail and non-retail businesses for these associates and invest significant resources in training and motivating them
We also depend on our executives and other key associates for our success
There is no assurance that we will be able to attract or retain highly qualified associates in the future
Changes in accounting standards and subjective assumptions, estimates and judgments by management related to complex accounting matters could significantly affect our financial results
Generally accepted accounting principles and related accounting pronouncements, implementation guidelines and interpretations with regard to a wide range of matters that are relevant to our business, such as revenue recognition, asset impairment, inventories, self-insurance and litigation, are highly complex and involve many subjective assumptions, estimates and judgments by our management
Changes in these rules or their interpretation or changes in underlying assumptions, estimates or judgments by our management could significantly change our reported or expected financial performance
Increased competition could adversely affect prices and demand for our products and services and could decrease our market share
Our business is highly competitive, based principally on price, store location, customer service and depth of merchandise
In each of the markets we serve, there are a number of other home improvement stores, electrical, plumbing and building materials supply houses and lumber yards
With respect to some products, we also compete with discount stores, local, regional and national hardware stores, mail order firms, warehouse clubs, independent building supply stores and other retailers
In addition, we compete with specialty design stores or showrooms, some of which are only open to interior design professionals, local and regional distributors, and wholesalers and manufacturers that sell products directly to their customer bases
Moreover, our Home Depot Supply businesses compete with local and regional distributors and wholesalers and manufacturers that sell products directly to their customer bases
Intense competitive pressures from one or more of our competitors could affect prices or demand for our products and services
If we are unable to timely and appropriately respond to these pressures, our financial performance and our market share could be adversely affected
12 _________________________________________________________________ We are involved in a number of legal proceedings, and while we cannot predict the outcomes of such proceedings and other contingencies with certainty, some of these outcomes may adversely affect our operations or increase our costs
We are involved in a number of legal proceedings, including consumer, employment, tort and other litigation
We cannot predict the outcomes of these legal proceedings and other contingencies, including environmental remediation and other proceedings commenced by government authorities, with certainty
The outcome of some of these legal proceedings and other contingencies could require us to take or refrain from taking actions which could adversely affect our operations or could require us to pay substantial amounts of money
Additionally, defending against these lawsuits and proceedings may involve significant expense and diversion of managementapstas attention and resources from other matters
Our costs of doing business could increase as a result of changes in federal, state or local regulations
Changes in the federal, state or local minimum wage or living wage requirements or changes in other wage or workplace regulations could increase our costs of doing business
In addition, changes in federal, state or local regulations governing the sale of some of our products could increase our costs of doing business