Category: P

The name given to a substance that will self ignite at low air temperatures. These substances will ignite without the addition of a flame or ignition event.

The prepayment of impending premiums. This can be accomplished either through the immediate payment of the present value of the premium or through the interest accumulated on a deposit.

The hydrostatic or pressure head is the weight of a column of water of a specific height at the bottom of the column. It is expressed as the ‘foot head’ or ‘meter

The company’s ability to raise the price of a product without affecting its demand. A company that prodces a product that is unique or faces little competition has a high pricing power.

The number of prints that can be produced in a single print run.

Principle: Things that need to be done first oughta be done first Process: Ranking of items on the basis of urgency or importance.

A buyer’s right that allows the modification of the product according to their needs. For example, a business owner through the purchase of the private label rights is able to modify and

A method that has its basis in the assumption of a relatively constant demand over time for inventory items. As such, the probability distribution of the demand is determinable, especially during the

Reduction or elimination of errors through prevention and planning.

1. A product that is its finished stage, usually at the end of a production cycle. It is usually what a user needs or wants. 2.Law: A good distributed commercially that is

Behavior different from what is prescribed in the moral, ethical and professional code of conduct.

Major theoritical evaluation of the economic, enviromental, financial, social, techinical and any other aspect in comparing with the projected objective.

An agreement between two parties, the lender and the borrower, in which the lender promises to pay a set amount of money on a set date. Usually made if the lender is

The physical and tangible damage or destruction that is done to property. It can be damage dome by people such as broken windows or it can be classed as acts of God

The owner of a property, whether tangible or intangible, has certain rights that are accorded to them. This is a right to an advantage, share or interest in the property or an

This is any property that is in the area serviced by a certain fire department. Each department will cover a different area and each risk in that particular area is protected by

This is a person or company who will give goods and /or services to another person. The company is a provider to the customer or buyer of its goods and or services.

A committe of considerable power who examines the auditors reports to make sure that any government funding to the various departments of government is used in the correct manner and according to

The welfare of the public as compared to the welfare of a private individual or company. All of society has a stake in this interest and the government recognises the promotion of

A District Attorney in the US and a Director of Public Prosecutions (DPP) in the United Kingdom. It is an attorney appointed by the government to pursue all criminal acts. The DPP