Glossary
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- M -

 

 

Manager of the complaint procedures  

The office or person designated by the Research Foundation operations manager as responsible for the management of the Research Foundation complaint procedure at that operating location.

 

 

Master budget

A budget that controls the authority of other budgets.

 

 

Matching

The process of comparing purchase order, invoice, and receiving information to verify that ordering, billing, and receiving information is consistent within accepted tolerance levels. When you match an invoice to a purchase order, 2-way matching is performed. In the Purchasing Options window, you can choose to additionally use 3-way or 4-way matching.

 

 

Matching tolerance

The acceptable percent variance for matched invoices and purchase orders. If any of the variances between a matched invoice and purchase order exceed the specified tolerances, Approval places the invoice on hold.

 

 

Meal allowance

One meal allowance is a combination of one breakfast and one diner (or vice versa).

 

 

Minority owned business

A business owned at least 51 percent by minority group members. In the case of publicly-owned businesses, if 51 percent of more of the stock is owned by minorities, then that business also qualifies as a minority-owned business. Minorities include African Americans, Puerto Ricans, Spanish-Speaking Americans, Asian Americans, Native Americans, American Eskimos, and American Aleuts.

 

 

Miscellaneous income payments

Includes payments for royalties, rent, and nonemployee compensation to independent contractors, business and travel expenses, and nonresident alien fellowship payments made from the Accounts Payable (AP) system.

 

 

Multiple assignment

Assignment used to identify an employee who is working in two locations and will receive two separate checks.

 



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