PROBABILITY THEORY
A theory in mathematics that is used to model events that have an uncertainty associated with their occurrence.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A theory in mathematics that is used to model events that have an uncertainty associated with their occurrence.
The determination of the equipments required, workflows, and implementation requirements of a specific process.
General obligation or liability of the producer or supplier of goods and services in order to adjust for the loss associated with its utilization, such as damage of property or personal injury.
Stage of negotiation, when the buyer and seller deliberate upon the amount of profit.
A group of employees who review the principles, techinical aspect, functioning and machinary in a project.
This type of advertising is aimed at the people who will be buying the products. It will outline any relevant discounts and sales specials that are available. It will specify the particular
The individual or company that has owners rights to the property such as a block of land or building. The property owner is responsible for the payment of any rates and taxes
This is a standard that is not approved by a standards company such as ISO. It is a standard that has been set by the company and due to its market power
Also known as a restraining order that will protect an individual from another individuals actions. Often used in cases of spousal or partner abuse and restricts the actions of the party against
Accompanied by a proxy statement. Used by a group who will vote on your behalf in the same way as they will vote. Usually occurs with ballots where all members can vote
1.A company who has traded shares publicly and the shares are held by a large number, hundreds of thousands, of different people. 2. A company owned by the government that provides public
The laws that cover administration, constitution and criminal acts. It controls the actions betwen the citizens of the state and the state itself. It deals with the governments operation and structure.
The money for this spending comes from taxes that the people pay. It is used to provide defense, health, education and infrastructure projects that is paid for by the government.
Junior or of a lesser rank. From the word for puny meaning smaller. It applies to someone of a lower rank or of a lower position.
A ratio of losses of the re-insurer against the premiums that have been paid.
A promotional method that works by pre-stocking ordering channels to provide an incentive by flooding the market with a product. The more a product is seen the more likely it is to
1. A room that can accomodate four persons. 2. This applies to a unit of electricity that has a quadrillion or 1015 BTUs. It will last around 293 terra watt hours for
An analysis of a product that bears no relation to the actual product itself. It is how a person feels about a product and not what the product actually can do. This
A method that looks at all the sspects that a customer wants to see in a product. This deployment is used to create, make and deliver a product. It is from the
A system that will translate the quality policies into the creation of a quality product. The steps used will include measurable requirements and objectives. All of this must be done within a