Category: P

Income tax, which is proportion to the income of the individual and the burden of tax falls on high income individuals.

A UK government initiative, which focuses on remitting the project purpose, not just the planning and observation part of the project, normally used for management of large projects.

The subsequent checking and rechecking of a written document before it is sent to the printers. It includes checking of spelling, grammar, layouts, photos, headings and indexes in books, magazines, leaflets, pamphlets.

This is the format that a software program will accept or output data that is enetered into the program. This is what stops various computer platforms from being used by other programs.

Also known as a Segregated Portfolio Company or SPC. A company will isolate its business dealings into seperate cells to insure they are kept safe from other issues that may adversely effect

The official record of origin of a document or work of art where the document was created or received initially or it is the place where the document is now stored. A

The obligations of agencies and public enterprises who have been trusted with the public resources, to be answerable to the fiscal and the social responsibilities that have been assigned to them. These

An item that taxation is used to finance, the consumption of which has been decided by the whole of society. It is not an item for consumption that an individual has decided

Any projects that will be of a benefit to the public that are partly owned by the government and partly by a private company or individual. Neither the government or a private

The development and subsequent construction of works that are for use of the population as a whole. It includes important infrastructure such as roads, bridges and public buildings.

The way a product is purchased by an individual or company. It may include cash or credit or payment by a cheque.

The removal and subsequent destruction of files from an active file. These files are no longer used for some reason and have become inactive and need to be removed. These files will

Using heat to transfrom a product into smaller base elements. It used very high temperatures in the range of 400 to 800 degrees Celsius. It is not the same as combustion which

A Clause in some loan agreements that allows borrowers to settle the loan amount before the end of the loan term and not incur any prepayment penalties.

A nonprofit organization with members constantly striving to affect political or corporate decisions to achieve a specific target. As opposed to interest groups who try to defend a cause, pressure groups promote

The price level, that is dependent on the market and the product, either side of which volume of sales experiences a drastic change.

The primary mechanism in a laser printer that converts the signals of the print controller into the needed printed image. They are differentiated on the basis of pages per minute, resolution, toner.

The chances that a specific event might occur. It is adjusted on the availability of fresh data.

A brand or product that is not owned by the manufacturer. The retailer retains the ability to use their name under the manufacturing contract.

A model or situation with various outcomes, each with its own chances of occuring. On the other hand stochastic is the concept of randomness. Probabilistic is indirectly related to randomness. As such,