Legal Articles

KNOWLEDGE MAP

Atlas of documents, files, databases, recordings of best practices or activities, or web pages as a organization’s internal or external repositories guide and inventory.

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KEIRETSU

A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.

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KEY PERSON

Individual whose loss may cripple an organization. Knowledge, creativity, inspiration, reputation, and/or skills are essential assets for organizational viability and growth.

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KICKER

Compensatin offered to a bank so a company can use its services. Refer to equity kicker, carrot equity, and sweetner.

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KITTING

Process of grouping, packaging, and shipping one unit comprised of several other finished good. For example, in ordering a PC online, the supplier builds a customized kit, assembled and shipped as one unit to a customer who selected several alternatives to memory, drives, peripherals, and software.

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KNOWLEDGE WORK

Specific information content or requirements distinguishing job, process, or task.

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KELLER PLAN

Learning material presented in small units of personalized instruction. Behavioral psychologist Fred Keller, developed this approach, which bears his name. Instructors only facilitate, grade as pass or fail, administer no punishment at any learning stage. A student takes a test on the completed unit when the student feels ready to do so. Depending on the result, other units are given at the student’s pace.

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KEY PERSON INSURANCE

Life and/or disability insurance. Loss of profit, goodwill, or increased expenses are mitigated with coverage of one or more key employees. Search and training a successor for a key person may also be covered. Also known as key employee insurance.

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KICKER PATTERN

Trend reversal candlestick pattern. Rather reliable predictor that a change in the direction of a trend is occurring. The fundamentals of a company being researched begin to show change along side this kicker pattern.

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KLUGE

Something assembled from whatever was available to ‘make do’, but not built according to design or plan.

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KNOWLEDGE WORKER

Data analysts, product developers, planners, programmers, and researchers capturing data to analyze and manipulate into information as a product or service. US management guru Peter Drucker, born in Austria in 1909 popularized this.

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KELVIN (K)

Irish physicist William Thomson (1824-1907),honored as 1st Baron Kelvin (Lord William Kelvin), developed this scale. Temperature scale beginning at absolute zero (273.15

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KEY PROCESS

Customer service and satisfaction, competitive advantage, and strategic success are essential business workflows In management’s view.

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KICKING THE TIRES

Shopping by a potential investor for an investment brokerage firm described creatively.

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KNOCK OFF

1. A very similar looking product copy a patented, trademarked, or copyrighted product or work that is cheaper as an illegal version. 2. A cheaper version of a higher-priced material or product as a competitor functionally and qualitatively equivalent.

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KNOWLEDGE-BASED PAY

Earnings system that compensates employees skill level proficiency and gained education. The employee incentive is improve skills set and education. Reaching certain goals in education, training and skill development translates into higher employee earnings.

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KEOGH ACT PLAN

Also referred to as a HR-10 plan. A plan that allows those who are self-employed to set up a retirement plan and have access to tax benefits comparative to the benefits offered in corporate pensions. This plan was established under the Self-Employed Individual’s Tax Retirement Act.

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KEY PUNCHING

Keyboard or keypad driven computerized data entry. Prior to PCs, to issue commands or store data in the era of mini or mainframe computers, key punching was actual punching of holes in punch cards or paper tape.

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KICKOFF MEETING

Pre-launch gathering of stakeholders and prime movers of a program or project. Agenda is strategy, direction, roles, goals, and objectives.

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KNOCKED DOWN (KD)

An article taken apart, folded, or telescoped to reduce its shipping size by at least one third (33 1/3 percent) of its assembled bulk or size. Such articles, be they bicycles, fans, or furniture are packaged unassembled, with all components and assembly instructions. This takes advantage of better shipping rates and lower import duties.

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