Category: Finance

The period of the year when the demand of a particular good or a service is the lowest in the annual cycle.

A department for federal government employees that deal with human resources. The OPM provides valuable services such as recommendation of certain individuals for promotion, innovationin the field of human resource practice and

Changing an aircraft at a layover which often involves the change of airlines.

A storage facility to protect the storage of magnetic media, microfilm, etc, usually at a remote location. Nowadays, sites rent out space on their hard drives to customers that allows easy storage

A market that is dominated by a small number of competitors, who hold a large market share between them.

Training provided to inexperienced employees during the initial stages of employment. This is usually delivered by a professional trainer or an experienced employee, and typically consists of “hands-on” training. If supported by

Software that enables the user to send and receive reports generated from massive online databases.

This is an average price that is calculated based on the production and exports of all oil-producing countries, used as a reference point for checking the overall state of the oil business

When the same products can be distributed and sold in a particular region by multiple vendors. This is the opposite of exclusive distribution.

Buying and selling of US Treasury Funds by the Federal Reserve, intended to affect inflation, monetary supply and interest rates. Such operations are rare, as the financial sector usually takes similar action

1. Computing: A system designed according to known standards that can interact freely with other systems using the same standards. Open system standards must be fully defined, stable over a long period

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.