Category: Finance

Early introduction in the 20th century that was an efficient method breaking every action or task into simple and small parts that can be taught and analysed.

Studies or tests used to determine and investigate technical suitability of material, equipment, system or processes to gain an objective.

Substituting telecommunications for transportation in a flexible and decentralized work arrangement allowing employees to work at home over the computer network.

Meld, design or pattern for a product or item serving as a guide to construct and design items that ate similar.

Process, agent or substance causing birth defects within first 3 months of a pregnancy.

Jobs and work not completed before a contract is terminated.

Advanced waste water cleaning where suspended solids and nutrients are removed.

Society of Ancient Greece that was the forerunner of life and health insurance.

Discharge of hot water from an industrial process able to kill life in the water and to disrupt the ecosystem.

Computer program helping to systematically group ideas in different levels and creating a logical structure for a report, plan, proposal etc.

1. Commercial printing. A small rough sketch representing a proposed layout. Also called squish, French for sketch. 2. Desktop printing. A smaller image of a page or graphic making it easier to

Length of time needed for a plan or project to be completed in, success of an endeavour, yields from investments, right to mature etc.

Insurance policy covering risks that arise in a set period of time.

Difference between actual and standard rates for hours worked.

1. General. Departure allowed from a standard that won’t effect a process over its life cycle. 2. Engineering. Capability of a system that can withstand high stress levels without being harmed. See