Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

SALES MULTIPLE

A figure that is computed when the annual revenue of sales is multiplied by an industry multiplier that arrives at the current market value of a business.

SAMPLING UNITS

A single unit selected to act as a sample for the whole group. A college student for example as a sample from the whole college.

SCAB

An employee who works when others are on strike, accepts work where is a strike is being held, works in place with no union or works under non union conditions where a

SCENARIO PLANNING

A visual process used to depict future conditions, probable events and consequences and how to respond to them and what benefits might be gained from them.

SCIENTIFIC METHOD

A step-by-step approach to solving problems. Identify and define the problem, accumulate data, formulate a hypothesis, conduct experiments to prove hypothesis, interpret results in an objective manner and repeat.

SCRIP ISSUE

A transaction that occurs in book keeping where new shares are given to current share holders at no cost in proportion to the number of shares already held.

SEASONALITY

A repetitive or periodic pattern that is predictable and occurs in a monthly or seasonal pattern.

SECOND WAVE

A progressive stage in the adoption of new technology where the emphaisi has shifted from the experimental stage to a result oriented stage.

SECONDARY MEANING

A consumer deducted meaning for a brand name or symbol that differs from its primary meaning. A term in copyright law where a common name or symbol must acquire a distinctive name

SECURED

A credit, obligation of loan that is guaranteed by a pledge of an item of gtreater or equal value on liquidation.

SEGREGATION OF DUTIES

1. A control policy where no person is given more than one area of responsibility. Called seperation of duties.2. Procedures and methods that are established as an internal check in order to

SELF-INCRIMINATION

A declaration or an act that occurs during an investigation where a person or witness incriminates themselves either expicitly or implicitly.

SEMICONDUCTOR

A compound or element with crytalline properties that is put between a conductor and the insulator for its ability to conduct an electric current.

SERIOUS OFFENSE

A violation of a law that is significant in effect and carries more than a 6 month punishment.

SERVICE MANAGEMENT

An integral system in supply chain management where the sales are connected to the customer. Its purpose is to minimise costs by lowwring inventory levels.

SETBACK

The distance from a road or kerb where nothing can be built upon.

SEVERED REALTY

Real property that is converted to personal property after it has been severed or cut and made into a movable object.

SHARK REPELLANT

The measures that are taken by a company to make it less attractive to hostile bids for take over.

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