Category: P

A strategy in which encouragement, the incentive of a reward or challenge might be enough to convince a person to achieve his/ her goal.

The period of time for which a couple of different reactive chemicals can be used, after they have been mixed together.

Examination or measurement of any overhead, which has passed through the phase of manufacturing.

Materials that fail to reach their desired state of consumption.

An initiative taken by the government in order to bring about an increase in the capital investment. This is done generally in poorly developed areas.

A proper analysis and identification of the information/ assumptions which form the basis of any plan. It is used to check if any changes need to be made.

Costs that are charged before a firm actually opens for business, usually in the setting up and promotional activities.

It is a term that is used for a little piece of data that is sent over a network. Might be a LAN, WAN or MAN. ‘Packet’ data includes several bits of

Any loan that has been paid for in full, any obligation that has been discharged or the prices that have been paid for are regarded as the paid up loans.

A paper asset is one that is recognized on the balance sheet, but it is of no use to the company, nor can it be sold for financial gain.

An observation which states that goods that are crucial to the upkeep of a person and critical to their life, such as water, are usually much cheaper, while on the other hand,

A situation in which there are a number of small scale buyers, while the large buyers are lesser in number.

A concentrated volume of a part of gas, or any other substance, compared to billion parts of the air or liquid. For instance, a rough comparison is made when a teaspoon of

When an student gets no response on his learning trend from his instructor, it is known to be passive learning.

A small program which is designed to fix a ‘bug’, or a number of ‘bugs’ in another software program. Patches are commonly included in the shape of ‘updates’.

A cycle which determines the payment schedule that need to be dispatched within each period.

A type of vacation in which an individual works, through telecommunication techniques in order to earn extra income. Paycations are common for freelancers, or for those willing to do over time work.

Usually present in juvenile policies, this provision states that in case the person who is responsible for making payments on behalf of the minor dies, or gets disabled, the rest of the

A judgement made by a peer group involving one or more of its members.

Extremely destitute situation, or highly poor circumstances.