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

Category: Finance

SELECTIVE ADVERTISING

A strategy in promotion of a selected product to a specific market through advertsing that is consistent with the markets beliefs attitudes and expectations.

SELF-APPRAISAL

A process of self evaluation that determines a level of self efficacy.

SELF-MANAGED TEAM

A group that is able to organise itself and whose members are able to manage and plan their day-to-day activity. There is little or no supervision on the group.

SENSITIVITY

1. The degree of responsiveness and awareness to external and internal changes, demands and challenges.2. The degree an item is subject to harm and damage from environmental changes.3. The amount of change

SERIAL ATA

An internal or external bus designed so computers can send information back and forth to and from each other.

SERVICE SETTING

The total of the physical environment and the ambience where a service occurs.

SEVEN PRINCIPLES OF HACCP

1. identify hazards. 2. identify points where hazards may occur. 3. establish critical limits. 4. establish routines to monitor safety measures. 5. establish responses appropriate for problems. 6. establish and keep a

SHADOW PRICE

The opportunity cost for an activity to the society. The actual price is unknown and doesn’t reflect any real sacrifice that is made.

SHEET

A solid material that is sold in flat sheets of different sizes and not in rolls or coils.

SHIPPING BILL

A document ised in customswhere a drawback is claimed on goods exported or on goods attrcating duty that are then re-shipped from a wharehouse that is bonded.

SHOE LEATHER COST

The costs of the time and energy of the efforts that are intended to counteract any inflation effects.

SHORT RATE CANCELLATION

A cancellation type where the insured does not get refunded a proportion to the number of days that are left on a policy.

SHOW HOW

The way a trainer or teacher can best demonstrate applying methods, procedures, practices an dprocesses.

SIGMA

1. The Greek symbol for sigma that represents a sum ot total operation.2. See also six sigma.

SIMPLEX CONNECTION

A channel of communication where signals only flow in an outward direction and cannot flow back into the channel. Radio and television broadcasts are an example of this.

SINGLE PAYMENT LOAN

A loan that needs one payment at the end of its life to pay the full amount of the loan.

SITDOWN STRIKE

Action that is taken by employees on strike where they stay at the place of work so non-striking employees can’t do their jobs as replacements.

SKILL BASED PAY

A wage system where the employess are paid by the number of skills they possess and not how long they have been at the company.

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