PRODUCTIVITY
It is an economic tool used to measure the efficiency of a worker, capital output unit, system and economy in transforming inputs into outputs.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
It is an economic tool used to measure the efficiency of a worker, capital output unit, system and economy in transforming inputs into outputs.
A gradual increase in punishment in accordance with the frequncy of crime commitment.
1. Planning: Phenomenon of making calculated guess into future according to the past trends. 2. Psychology: Superimposition of one’s perceived unwanted notions, emotions onto others.
This can be a receipt, label, tag or botle cap which shows that the person has indeed purchased the item specified. Often used in promotional campaigns to increase sales of a particular
Documents and data that has been generated by the company to allow it to control and safeguard its competitiveness over other companies. This proprietary data is protected by copyright laws, patent laws
Developed in 1979 by Amos Tversky and Daniel Kahneman. Most individuals will make a decision that will lead to a gain rather than a loss. Risks are put into 2 categories depending
The levels of a resource such as coal, oil and gas that is estimated with an amount of certainty after study of geological and engineering factors that can be removed from a
Having to do with and related to the science of psychology. There may be psychological reasons why certain people react one way or another that is different to how other people will
An organisation that is charitable whose funds are provided by a company or private person, though not more than 50% of the capital can be from that company or private individual.
The governement owns at least 51% or controlling share of the company. It is known as nationalisation when it is completely owned by the general public.
The provider of a service to the public such as transport, enertgy, telecommunications, waste disposal, or water and any other public goods and services.
Lists of jobs that have not been completed by a contractor before he is due to be paid. All items must be completed before the contractor is paid the rest of his
A situation that has arisen where there is no chance of gain but there is a chance of a loss. There will never be a chance for gain but you may not
This a network of marketing that is illegal in most countries. In order to sell retail products a person has to pay a joining fee. Only the person initiating the scheme makes
A trust in which the assets are able to be transferred to a spouse for the length of their life. The assets can also not be transferred to another person after the
The measure of the relative risk that is involved with a product or service. It numbers from 1 to 10 and uses terms like very important, important, not important, not very important.
A system that has been developed in order to maintain the desired quality and specififcations that have determined necessary for a product. The system will also work towards maximising efficiency in order
A number that is given to a subjective aspect of a phenomenom or object. It uses an arbitary scale to measure the attributes and characteristics that are exhibited by the object or
The guranteed rate of exchange between one countries exchange rate and another. The rate is guaranteed at the time.
Through the use of modern technology, information is researched and developed in order to provide the information to other industries.