Category: Finance

Additional charge for insurance placed on a shipper whose cargo has a greater value than he is insured to carry.

Identifying factors that can destroy or create value and to maximize value to the shareholder.

Field data values translated by rules of business.

Important ideal or belief shared be members about what is good and what is not about a culture. See value.

Change of output or result that becomes inevitable over time as systems will always vary.

Plan written by an entrepreneur showing how they manage and direct a new business to get to certain goals.

Option strategy where a put or call option purchase will match one sold of the same class and date of expiry. Also known as perpendicular or price spread.

Completion of a contract through a third party.

one without physical existence, legal constraints and is an informal alliance.

20% of causes result in 80% of defects/effect’ said JM Juan when applying the Pareto principle to quality management.

1. Any hydrocarbon with a vapor pressure equal or greater than0.1mm of Mercury except for ethane and methane. 2. Substance able to evaporate at its temperature of use and causes oxygen to

Internal system of financial control for payments and cash relying on vouchers to establish transactions, amounts paid, ledger name where it will be recorded.