EFFICIENCY PRINCIPLE
An economic theory that states that the maximum social benefit that is received from any type of action is received when the marginal social costs of resource allocation is equal to the
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An economic theory that states that the maximum social benefit that is received from any type of action is received when the marginal social costs of resource allocation is equal to the
Point beyond which deformity will permanently occur. Condition of maximum pressure or stress put on a piece of material.
1.Energy generated by a pattern of oscillation of electrons and protons. A type of energy. A source of power used to provide light, heat, or energy for devices such as computers. 2.
Business conducted without the exchange of paper based documents through the use of electronic and/or online devices. It includes activities such as procurement, order entry, transaction processing, payment, authentication and nonrepudiation, inventory
Database of digitized audio, video, and written material, on a physical site and/or a website, giving 24hour online access to users.
An electronically generated and communicated information
What an applicant must satisfy to become eligible.
An efficiency in the print industry. Leaving out one or more unessential characters, minimizing the series of characters needed for understanding. An example is printing ‘199798’ instead of ‘19971998.’
1. In Law enforcement, this is the principle that without warrant, based on a reasoned conclusion to prevent an very likely danger to life, limb, or property, a police officer may carry
When part of a quote is emphasized by bolding, italicizing, or underlining them. to indicate that the emphasis is the author’s or reviewer’s note, these words are typically enclosed in square brackets
Insurance coverage for any loss of money or intellectual or physical property caused by an employee’s dishonesty. This is actually a form of a fidelity bond that is a commercial crime policy.
To maximize the efficiency of a company’s employees, a plan is prepared. Using a variety of methods, the company seeks to insure employees are not wasting time on less profitable tasks. Method
A formal agreement that spells out the rules of engagement between an employee and an employer. Compensation and expectations and benefits are typically subjects. Known generally as employment contracts, they are time-limited,
Something that allows an entity, program, or project to initiate and begin action, but does not necessarily lead to success. It can be action or inaction; decision or indecision; it can be
Actual person who uses a deliverable, be it a product or a system or a process. Contrasts to those who authorize, manage, build and deliver the deliverable.
A plan with ownership and control of an employee’s life insurance policy given to the employer. The employee’s right to policy benefits is protected by the employer’s backing.
Measured use of energy. Portrayed as a percentage. Calculated as the total energy used by a machine or equipment that does not become wasted, useless heat.
1. A person trained in the field of engineering, or someone who works closely with machines or engines. 2. A person who operates large motorized equipment. An example is a train engineer,
Defined period of time with a specific start and end date for registering in a plan to receive benefits. Typical of health care insurance coverage.
Computerized management of all enterprise resource planning. Integrated, multi-module software system expedites identifying and planning the resource needs of an enterprise. ERP is accounting oriented. Provides a single user-interface for the entire
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