Category: O

This is when an insured individual can see a different service provider without the need to obtain a referral.

A market economy with few barriers to trade, where imports and exports make up a large portion of the GDP. This is a theoretical state, as all governments have some control over

1. An order to buy or sell securities that remains valid until executed or cancelled. 2. A term that is often used instead of backlog.

International standard computer network architecture, as defined by ISO protocols. A modular approach to network design is used to divide necessary functions into seven layers so that equipment provided by different vendors

1. The whole process an input / output system undergoes to progress from initial to final state (which will be identical). 2. The average time to liquidate merchandise or raw materials.

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.

The different ways in which a policy can pay out to a beneficiary.

The act of recording an order in the company?s system, so that it can be viewed, changed and/or executed.

Interest calculated based on a hypothetical year of 360 days.

Calculation of oil reserves generated through a company?s own exploration and production processes (rather than purchased). Used as an indicator of the strength of an oil company.

The design of an organization determines how its operations are differentiated and integrated, as a response to environmental uncertainty.

A bill of exchange that has not yet attracted any endorsements.

Excluding net income, all other elements of comprehensive income.

Unavailable for a long time because major repair work is necessary.

1. The shape or boundary of an item or object. 2. A list of the key items in a document or plan, presented in the order they appear in the main document,

The delegation of non-core activities to outside agencies and contractors. Called contracting out, this allows businesses to benefit from specialist skill sets without paying for an in-house team, and it enables companies

This occurs when the value of a securing asset is far greater than the debt principal.

Liability acquired by a local government body in partly or fully financing programs or projects that fall under the jurisdiction of other government bodies.

Occurs when exchange rates overreact to changes in the short-term and equilibrium is only achieved in the long-term.