Category: Finance

A packet switched is a network based on electronic communications that is commonly responsible for the reception and sending of data. However, in such a network, the data is broken down in

The financial cost of fixing a problem that has been occuring for a consistent period of time, rather than choosing to bear it further. It is also known as the pain value.

There are three, commonly used measures; i) Ream= 500 sheets, ii) Bundle= 1,000 sheets and iii) Bale= 5,000 sheets.

Activities or tasks that can be performed concurrently, or simultaneously. Performance of either task remains unaffected.

French alternative to the London Interbank Offered Rate

Failing to meet the standards of full- time. Usually, this means to work for a fraction of the period of time that was actually allotted. For instance, if the job requirements are

A type of management which does not get affected by any changes in the environment. Passive management adheres to a strict agenda.

A defect, or anomaly in any item that might cause it to malfunction. Can be found easily upon inspection.

A level used to measure the extent to which the pay of an employee matches their own contributions and what they deserve. A higher pay equity means higher job satisfaction, and vice

The party who makes the payment. Known as a writer too.

A company owned by eBay, whose primary function is to process online payments and transfer money from individuals and companies. It was set up in 1998, and accepts 18 currencies at present.

A detailed review/ thorough analysis of the performance and capabilities of a member of the peer group. Made by experts from the same peer group only.

The total income of the country, divided by the total popluation of the country. It is not the average income but provides a clear indicator of the living standards of the country.

Any number that is used to determine the percentage position with a number of data samples. For instance, if the performance of an employee is at the 57th percentile, then his performance

Dangers that might be associated with sea travel. Usually involves high winds, two ships colliding, hitting a submerged object, etc.

Any device that can be connected to the computer for input, output or communication functions. Examples include printer, scanner, keyboard, mouse, etc.

The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.

Usually a set of skills that must be possessed by any person to become eligible for any job, which requires those skills.

The percentage at which an individual saves his/ her disposable income.