AUTOMATIC DATA PROCESSING 
Data processing largely performed by automatic means.
The discipline which deals with methods and techniques of automatic data processing.
Pertaining to data processing equipment such as electrical accounting machines and electronic data processing equipment. 

BANKRUPTCY  
A condition in which a business cannot meet its debt obligations and petitions a federal district court for either reorganization of its debts or liquidation of its assets. In the action the property of a debtor is taken over by a receiver or trustee in bankruptcy for the benefit of the creditors. This action is conducted as prescribed by the National Bankruptcy Act, and may be voluntary or involuntary. 

 

BREAKEVEN POINT 
The breakeven point in any business is that point at which the volume of sales or revenues exactly equals total expenses - the point at which there is neither a profit nor loss - under varying levels of activity. The breakeven point tells the manager what level of output or activity is required before the firm can make a profit; reflects the relationship between costs, volume, and profits. 

 

BUSINESS BIRTH 
Formation of a new establishment or enterprise. 

 

BUSINESS DEATH 
Voluntary or involuntary closure of a firm or establishment. 

 

BUSINESS DISSOLUTION 
For enumeration purposes, the absence from any current record of a business that was present in a prior time period. 

 

BUSINESS FAILURE 
The closure of a business causing a loss to at least one creditor.