Category: O

This is when a securities broker funds a portion of a client’s purchase, with the client paying the rest. The broker keeps the purchased securities as collateral.

1. A device that is connected to the Internet or other network. 2. Documents, files or web page that are accessible for reading and downloading by users of a particular network (usually

A concept that sees decision making as the next logical step of a specific process. If a decision has been made, an action has to be taken.

This is a court session that anyone can attend, if they wish.

The rise in the cost of products and services as a result of spending trends.

A system that enables insurers to use rates not previously approved by the state.

Balance at the beginning of a new accounting period, brought forward from the previous period.

A quality control graph that shows the likelihood that a production lot will contain an acceptable number of defective items using various sampling schemes.

A margin that doesn?t include depreciation or taxes, calculated by dividing operating income by net sales.

A legal outcome that automatically occurs whether or not the affected party intends it to.

Designing and overseeing business operations that contribute to the achievement of the company’s overall strategy.

Situation in which the commitment of resources may lead to unforeseen gains, but containing an element of risk.

The manufacturing plant that incurs the lowest overall cost amongst all available alternatives.

A dividend that may be paid to a shareholder in the form of cash or additional shares.

The interval between two sets of orders.

A measure of changes following a phase transition. For instance, when a liquid becomes a gas, the order parameter would be density. Order parameters can be used to measure variables occurring as

1. Business: Income that is obtained by day-to-day business transactions, excluding the sale of capital. 2. Personal: The amount of an individual?s income that is subject to full tax rates (and not

Pollution that occurs when organic substances emit pollutants into the environment. These pollutants can usually be oxidized by naturally occurring micro-organisms.

Principles and practices that define the unique atmosphere within an organization.

Initial induction of new employees into organizations. Objectives include developing employee commitment, easing anxiety, promoting organizational expectations and explaining what the employee can gain from working with the organization.