Category: Finance

An interview, meeting or courtroom session of which a written, audio or video record is kept as permanent evidence.

A service that enables users to access their bank accounts, conduct transactions and view their transaction history via the Internet (rather than over the telephone or in person).

This is the price for the first trade of a security in a trading session.

A style of management that enables employees to speak with senior managers directly, rather than through intermediaries.

An operating system designed to work with a range of processors, making it flexible and inexpensive for users.

A system or device that is designed around common standards and is independent of individual vendors. Thus, any vendor is able to create programs or interfaces for the system or device, and

A quality control graph that shows the likelihood that a production lot will contain an acceptable number of defective items using various sampling schemes.

All those agents or forces that are out of an organization’s control, but can accelerate or restrict the organization?s success.

An area in which common currency will improve economic efficiency, based on a theory credited to Robert Mundell.

A dividend that may be paid to a shareholder in the form of cash or additional shares.

The interval between two sets of orders.

1. Business: Income that is obtained by day-to-day business transactions, excluding the sale of capital. 2. Personal: The amount of an individual?s income that is subject to full tax rates (and not

Pollution that occurs when organic substances emit pollutants into the environment. These pollutants can usually be oxidized by naturally occurring micro-organisms.

Principles and practices that define the unique atmosphere within an organization.

Initial induction of new employees into organizations. Objectives include developing employee commitment, easing anxiety, promoting organizational expectations and explaining what the employee can gain from working with the organization.

Classification term that applies to minor assets (e.g. scrap value of outmoded equipment) when recorded on balance sheets.

The state of a process when outputs / samples are no longer within statistical control. A control chart of such a process will show data points that are not clustered around the

1. A statistical data point that lies outside of normal distribution. 2. A person who lives or works far from major conurbations.

A measurable standard that expresses the amount of energy, work, goods or services a process should produce in a given period.

When a certification authority approves a greater payment than is actually due.