Black-Scholes Equation: The Black-Scholes equation is used to determine the value or price of a stock option. It is a comparatively simple formula, with only a few common variables, developed by Fisher Black and Myron Scholes in 1973. It makes some simplifying assumptions about free-market economics, but it has become an industry standard.
Deming Cycle: The Deming Cycle is a set of activities (Plan, Do, Check, Act) designed to drive continuous improvement. Initially implemented in manufacturing, it has broad applicability in business. First developed by Walter Shewhart, it is more commonly called the Deming cycle in Japan where it was popularized by Edwards Deming.
Golden Parachute: Golden parachute is the name give to the benefit provided, usually to top executives, that provides income when the person is terminated or forced out of the company before the end of a specific period of time.
Cross Training: Cross training is training someone in another activity that is related to their current work. The name comes from the fact that you are training them across a broader spectrum of the organization's work.
