Category: P

Any device that can be connected to the computer for input, output or communication functions. Examples include printer, scanner, keyboard, mouse, etc.

The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.

Usually a set of skills that must be possessed by any person to become eligible for any job, which requires those skills.

The percentage at which an individual saves his/ her disposable income.

The substance that is left behind after pesticide application. The WHO states that it can include specified derivatives, such as metabolites and impurities which are known to have toxicological significance.

A strategy used for implementation purposes, in which a certain product, policy, change or process is introduced slowly, replacing the older processes. Complete replacement does not take place immediately.

Any substance/ material which can be broken down in to its constituent forms, due to the reaction that is caused when it comes in to contact with the UV rays of sunlight.

Picketing is the name given to the industrial action usually taken by workers of a trade union, known as pickets, who assemble in front of the company, or the home of the

A concept of economicts, put forward by Arthur Cecil Pigou, a classical economist. The Pigou effect states that due to a significant decrease in the prices of proudcts, a ‘wealth effect’ would

A feature provided in various spreadsheet programs, allowing the spreadsheet to be view from a variety of different arrangements in order to depict the same data.

An estimation which depicts the amount of money it will take to manufacture a certain item within a certain department of the company.

Any piece of hardware that is compatible with a certain kind of outlet, or socket without any modification.

A marketing display set at the point where maximum sales are made; useful for promotional campaigns, etc.

Political partices, pressure groups or influential political individuals are known as political forces.

An economical term, used to refer to a situation in which the number of buyers far exceeds the number of sellers.

A place from where a consignment has begun its carriage by sea.

The authority/ influence that is given to the individual who possesses an office or is given a position.

The antonym of ante date, ‘post date’ is any date that lies in the future.

The total amount of money which needs to be paid to any contracting party that fails to perform to the injured, or aggrieved party.

A type of trading, considered illegal, in which participants within the market arrange between themselves regarding how they are going to perform in the future.