Category: E

Management decisions based on the best documented scientific evidence currently available. Evidence-based medicine is the basis for evidence-based management as a movement.

Going beyond a specific set limit. Typically used with pollution, like pollutants in a waste stream, to describe violating a permitted level, count, or number.

Any INSURANCE coverage that becomes effective once the INSURED

Known also as excessive wear and tear charge.

To keep witnesses from influencing other witnesses, witnesses are kept out of the courtroom unless giving testimony. Prevents witnesses from discussing testimony with other witnesses before giving testimony. Rule of evidence.

An agreed-to condition (1) preventing blame or liability on one party due to the improper behavior of the other party; (2) preventing liability on one party due to not meeting all of

Operations and management arm of the Federal government. A primary branch in most democratic governments. Top executive in this branch is typically the Prime Minister, or President, as in the US. The

Property not subject to some action or ruling, law, tax, or obligation. Typically means that it is free from forfeiture or seizure. Items needed to do work, including an automobile, and to

LIQUIDITY and LIQUIDITY RISK that relate to an entire industry or national system, and are not confined to, or significantly influenced by, a single firm and its actions. See also ASSET LIQUIDITY

Mathematical formula calculating potential future interest rates. If the following equation is true: (1 + RLt) squared = (1 + RSt) ( 1 + RS*t+1), given RS is the 1-year interest rate,

Unrepairable, consumed-when-used component or part, like a bolt, nut, or rivet (1) needing no authorized repair procedure; (2) having excessive repair cost exceeding replacement cost; (3) listed as un-returnable inventory at issue.

Expenses owed, yet unpaid is the insurer’s liability.

How an experiment is controlled when testing the affect of human behavior on the testing process.

An expense for revenue in a period of time when benefits are also received. If a business gets all benefits from a cost it is an expired cost.

A hole drilled to show how much gass or oil is present in an unproven location.

A company that is a sales agent to distribute for exporters. It is for international business.

The way pollutants get into an organism after being exposed.

A plan that manufacturers use to dispose of the products they make. It is done to get rid of waste and encourage environmental safety.

An audit that is done by an independent accountant. It is done to find the accurate records, proper document preparation, and the accurate representation of the companies position. Refer to internal audit.

Whena generalization is amde from other studies that only have a part of the relevant population.