Category: L

Where it is inordinately difficult to identify or implement a best practice, this team is used instead.

Subject matter expert’s formal presentation and a question-and-answer session that typically follows.

A perspective that legal rules are to benefit the larger society and public policy based on judicial decisions. Neither dogma or supernatural authority applies. A court is expected to determine ‘legal rights’

how long a person has worked at a company or has belonged to an organization. Longevity in a position; duration of service or employment.

Rank, authority, ability/limit for signing a legally binding contract, actions allowed, spending limit, or delegation rules and limits are all typical items documented in this type of written confirmation.

May be written prior to death or issued by the probate court. Grants an estate executor permission to do what is needed to distribute stated assets.

Authorized or directed inventory quantity, to meet anticipated consumption or demand, stated for a stores or materials department.

Money available to company’s stockholders after paying incurred debt interest. The bigger the debt interest due, the less money left for distribution.

1. In General, this is defining the cyclical nature of living organisms. Tracking cradle to grave life stages: birth, growth, maturity, decay, and death across families, organizations, processes, products, and systems. 2.

Health, safety, sustenance, protection, and a means of escape, survival, and recovery of personnel is how this application of scientific knowledge ties into critical human factors.

Electronic device, the diode, that emits light by restricting electric current through it. LED-based lighting bulbs consume little current and last for decades. Red or green came from older LEDs made from

In some states, this type of agent has lesser education and licensing requirements. An agent allowed to deal only is specific forms of insurance, like travel insurance.

Pollution liability coverage as a commercial form that does not offer cleanup expense coverage if such a claim is made.

An organization’s chain-of-command job position accountable for the organization’s resources decisions to generate revenue and achieve organizational objectives. Also refer to line and staff management.

A conference carrier provides this scheduled service.

Property for lease or sale assigned to an authorized real estate broker. Also known as listing.

A insurance rider attached to a life insurance contract for an insured person who is terminally ill, providing long-term care benefits.

For making a mortgage loan, the lender charges a fee to the borrower. Typically a percentage of the loan principal.

When a company allows a white knight to purchase its most valuable assets to prevent a hostile takeover.

For loans on a collateralized security, this is the interest rate charged by the central bank of Germany.