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Glossary Of Small Business Terms
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

W

WAIVER OF THE NON-MANUFACTURER RULE – Section 303 (h) of Public Law 100-656 and Section 210 of Public Law 101-574 incorporated into the Small Business Act requires that agency contracts be directed solely to small business manufacturers under set-aside provisions. This requirement is commonly referred to as the Non-manufacturer Rule. The Small Business Act also contains provisions that allow the Administrator of the SBA to waive this requirement when there are no small business manufacturers or processors available to supply the product to the Federal Government.

WBC (Women’s Business Centers or Women’s Business Center) – Each women’s business center provides assistance and/or training in finance, management, marketing, procurement and the Internet, as well addressing specialized topics such as home-based businesses, corporate executive downsizing and welfare-to-work. Each WBC tailors its programs to the needs of its constituency; many offer programs and counseling in two or more languages. WBOR Women’s Business Ownership Representatives Representatives in SBA offices to assist women business owners.

WORKERS’ COMPENSATION – A state-mandated form of insurance covering workers injured in job-related accidents. In some states the state is the insurer; in other states insurance must be acquired from commercial insurance firms. Insurance rates are based on a number of factors including salaries, firm history and risk of occupation.

WORKING CAPITAL – Cash and short-term assets that can be used for current needs such as bills, more inventory, equipment purchases, etc.

 


 

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