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

Category: Finance

QUALITY OBJECTIVE

The level of quality that has been deemed suitable for each product. It is the quality that a product is wanted to reach before it is made available for sale to the

QUANTITATIVE

A measurable quantity of an object. It can be size, dimensions, thickness, lightness or hardness. If something can be measured and identified.

QUARANTINE STOCK

An inventory of specific items that are kept for an emergency situation or items that are set aside for a specific use.

QUERY

The request fro information from a data base. It is in the form of a question and it can be asked about any subject that is contained in the specific database.

QUIRE

A quantity of paper. A measurement that is used to represent 24 sheets of paper traditionally. Now it is used to represent 25 sheets of paper.

RADIO FREQUENCY IDENTIFICATION (RFID)

The identifying act of parcels, packages and other items with the use of transponders that emit a radio signal. It can be detected from a large distance without actually seeing the object.

RANDOM VARIATION

The variability that is contained within a process that cannot be determined. These fluctuations and variations are caused by erratic and irregular actions that are the result of random chance. These random

PREPAYMENT CLAUSE

A Clause in some loan agreements that allows borrowers to settle the loan amount before the end of the loan term and not incur any prepayment penalties.

PRESSURE GROUP

A nonprofit organization with members constantly striving to affect political or corporate decisions to achieve a specific target. As opposed to interest groups who try to defend a cause, pressure groups promote

PRICING PLATEAU

The price level, that is dependent on the market and the product, either side of which volume of sales experiences a drastic change.

PRINT ENGINE

The primary mechanism in a laser printer that converts the signals of the print controller into the needed printed image. They are differentiated on the basis of pages per minute, resolution, toner.

PRIOR PROBABILITY

The chances that a specific event might occur. It is adjusted on the availability of fresh data.

PRIVATE LABEL

A brand or product that is not owned by the manufacturer. The retailer retains the ability to use their name under the manufacturing contract.

PROBABILISTIC

A model or situation with various outcomes, each with its own chances of occuring. On the other hand stochastic is the concept of randomness. Probabilistic is indirectly related to randomness. As such,

PROBLEM

The difference between a desired state and the existing state, or something that differs from the normal.

PRODUCIBILITY

The ease associated with manufacturing goods in large quantities. It is largely dependant on the design characteristics of the item in question.

PROJECT

A group of related taks execution under a certain financial budget restrain and limited time period.

PROLETARIAT

A term coined by Karl Marx in his famous work, Communist Manifesto, for the lower working class constituting the wage workers. The classification on who quails for the term has been varied

PROPAGANDA

A message that is aimed at a specific audience that will try to change their thinking to that of the person releasing such propoganda. It will often contain disinformation to promote a

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