Category: P

A law that was put into the Congressional Act in 1954. If insurance has been regulated properly at a state level it is not subjected to any anti-trust laws at a federal

An alternate name for a public switched telephone network.

1. Internet. Data that is asked for by a recipient is pulled by them to their computer. Push is when they receive information that is sent to them. 2. Production. The generation

The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is

A company that has been taken over by a larger or another company and has transferred all of its accounts onto the company that has taken them over.

Charges for Air or Ocean Freight that is paid for by the exporter at the port of origin, for which the importer has already made the payment. The failure for a shipment

Before the commencement of the bidding process, this stage is undertaken to ensure that the bidder has sufficient resources to take part in the bid.

The reduction or elimination of contaminants, or altering the nature of the wastewater before it is discharged.

The interest rate that a bank’s top customers are charged. This rate is a standard that is used to compute the interest rate for the financial institution’s other borrowers.

As opposed to the 500 sheets contained in a normal ream, the printer ream has 516 sheets, taking into account the waste incurred during printing and paper handling.

A private sector firm whose operations are executed by private individuals.

An industry that is composed of private companies. The corporate sector and the personal sector are encompassed in the private sector and they are responsible for the allocation of the majority of

The error associated with providing estimates for a sample that is from a normal distribution. It is the product of the standard error and 0.6745.

Activities related to administration that are aimed at (1) process definition, (2) establishment of responsibilites, (3) evaluation of process performance and (4)Identification of improvement opportunities.

Identification of the charecteristics of a good or service in order to satisfy a recognized need or want.

Preparation of a budget using program description, in lieu of the expense line items.

US Department of Housing and Urban Development backed short term debt securities used to finance construction of partially state-funded residential complexes and federal constuctions. There sole purpose is the aforementioned one and

The message that the company is conveying about its products or services. The message will be repeated across all types of media for advertising and could include a slogan or saying that

The voting scheme which ensures that each party or group is represented in the same proportion that they appear to be in the whole population.

1. Thisoccurs when a businesses or company is owned by one person or one family. It is not owned by several people or a group of companies. 2. Proprietorship can also be