CONFORMANCE
A certification that an item meets requirements and standards of a contract. Refer to compliance.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A certification that an item meets requirements and standards of a contract. Refer to compliance.
When customers need minimal satisfaction for the product. If it does not deliver thean they will not buy it.
The middle ground between agreeing and disagreeing. The participants share a value and goal and work to get that goal to get a decision made. Refer to collective responsibility.
1. an order done logically with a pattern. 2. anything that doesn’t change. 3. following the rules of standards.
A variable that can’t be changed once it gets a value. Refer to dependent variable and independent variable.
Words or gestures that are threatening. It is used to get permission or prevent an argument.
A rule in place to keep the customer’s rights safe, increase the product availability, and prevent deception.
An item that is stowed, shpped, handled and delivered.
When a supplier goes out of business this covers the losses that are the result.
Selling based on the customers demand rather than predicting the demand. This is used in lean production.
Two elementary kinds (families) of deals are 1) price reimbursement deal and 2) fixed cost deal.
Group of laws that control oral or scripted agreements related to trade of commodities and services, properties and money. It also contains topics related to qualities of contractual duties, restriction of activities,
Surplus of the ultimate cost of an agreement (including approved changes and remedial work) on top of the actual contract price.
Final bargained or suggested cost of a deal.
In a process of performance appraisal or interview, mistakes induced as a result of previously appraised or interviewed participants on the questioner. It creates an alarmed or unalarmed comparing of one participant
Similar to co-insurance. The insured and provider share in the paying for the cost for services.
The FUTURE VALUE of costs and benefits associated with holding an ASSET, which typically includes the cost of financing, INSURANCE, transportation and/or storage, less benefits derived from lending the asset and any
A CORPORATE FINANCE transaction where an investor group or acquiring company gradually purchases the COMMON STOCK of a target company. Once a specified block has been accumulated a formal TENDER OFFER is
A current measure of the return on a COUPONbearing FIXED INCOME security, generally computed as: where C is the coupon, and P is the purchase price of the security. See also BOND
The machine cycles per minute that do not necessarily represent its speed.