Category: O

When production capacity exceeds the demand for a product.

Ongoing expenses incurred by the day-to-day running of a business. Includes utilities, rent and subscriptions.

An outer container that protects one or more inner containers.

Known as ?time and a half?, refers to the fact that employees earn 50% more than their usual hourly rate when working overtime.

A right of ownership shared by multiple entities. Upon the death of one owner, his or her right passes to an heir or successor (not necessarily the other owners).

An old slang term to refer to diabled individuals or the elderly who depend on the insurance and other funds that are sanctioned by the government. Social Security is the current term

An intergral component of a planning activity which aims to set the destination/goal and the timeframe.

Items that are utilized as a replacement for other similar items until they are completely used up.

The recognition, control and evaluation of occupational hazards relating to the biological, chemical or physical aspect.

This number provides a good measure of the gasoline’s ignition quality. A higher octane number corresponds to a smaller chance of premature combustion when subject to combustion in a standard engine. It

The training of employees at a location other than the usual work location, through the use of simulation, lectures,etc.

The official regulators of the various federal financial institutions. It falls under the jurisdiction of the U.S treasury department.

Changing an aircraft at a layover which often involves the change of airlines.

Work completed at a much lower cost for the company by the people in another country. Also, offshore outsourcing is used to accomplish tasks that the company is sometimes ill-equipped to deal

Stated by US economics professor Arthur M. Okun, the law defines the relationship between a fall in Gross National Product and unemployment. It states that unemployment increases by one percent for every

Acting in the place of someone else.

This is a type of system commonly used by governments to record expenses that may be used only within a specific contractual period.

The date that publications are scheduled for newsstand delivery by the distributor. The on-sale date determines when the publication in question, based on its frequency, is due for submission.

An online business practice that allows a seller and purchaser to execute a transaction through the use of electronic communication.

A question that does not suggest any particular answers to the respondent. Open questions usually ask how, what, when, where or why, and require the respondent to answer in their own words.