Category: Finance

A chain of command that is straight from the top office to the lowest position.

A deviation from aplanned project that is measured by comparing the budgeted cost of work done to the cost of the work already performed.

The application of the scientific method to investigate any relationships amongst natural phenomena or to solve a technical or medical problem.

A device that is used to remove particles and dust from gaseous pollutants such as smoke. It uses liquid to trap any solid matter.

A loan with a good record of repayment that has been on the books of the lender for more than one year.

Ranked after the first term of importance. It is second behind the first.

An obligation that arises from the primary obligation of a transaction or contract.

A negotiable or non-negotiable investment or financing instrument that can be sold and bought on the finnacial market. Bonds, stocks, debentures notes and options are included.

1. A consumers choice to select a service or product. 2. The products that a company will offer to its customers.

A test that is automatic and is done by a device on itself when the power is switched on. It is to detect any malfunctions or configuration problems. The device will then

An expense or obligation that is able to make repayments to fulfill that obligation. A hire purchase for example.

A sensitive asset that if compromised can cause serious harm to an organisation.

A manner of training where new skills and knowledge are built upon the skills and knowledge that has already been learnt.

The geographical area that a healthe care plan can service that is set by a state agency.

A plan where services are the benefit that is provided and not a money amount for benefit.

1. Called a change over where a new piece is made ready to start being made. 2. Arrangement of seating. 3. A fully assembled item that is supplied ready to be used.

A method used in accounting where 2 sets of records are kept in order to look for and find any mistakes.

a way of measuring an investments performance.It is calculated by dividing excess return by the amount of risk needed to generate the return.

A letter stating indemnity that is given by a beneficiary of a letter of credit or L/C that is to induce a negotiating bank to relaes a payment against the L/C despite

A partnership in business that falls inder Islamic Financial law. 2 or more people join to provide capital or labour in a business through a formal contract.