Category: P

This is used to compute the value in both economic and environmental terms of any natural resource. It will determine if the resource is worth mining or extracting from the ground.

This is a tax scheme that sees evry individual pay the same rate of tax regardless of their earnings. It is also known as a flat tax. For example each person will

This is a standard that is not approved by a standards company such as ISO. It is a standard that has been set by the company and due to its market power

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

This is the quantity of a natural resource such as coal, oil and gas that is able to be extracted from the wells and mines that are currently operating with the same

Accompanied by a proxy statement. Used by a group who will vote on your behalf in the same way as they will vote. Usually occurs with ballots where all members can vote

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

This file contains sets of documents that the general public are allowed to see. There is no restriction on who can look at these documents.

A company that trades on the stock exchange. The shares can be traded and sold by any member of the public. It is governed by a set of strict regulations. They are

An alternate name for a public switched telephone network.

Known as Average Published Rate (APR). This si the rate that a company charges for a service such as freight. These charges are public knowledge and cannot be disputed. It also applies

A document that is used by a company internally that authorises the purchasing of products and material needed by the company. These are documents that are used to track the movement of

Known as a purchase day account. This is a second ledger into which all daily transactions are entered. They will subsequently be put into a main ledger that will show all purchases

A ratio of losses of the re-insurer against the premiums that have been paid.

A promotional method that works by pre-stocking ordering channels to provide an incentive by flooding the market with a product. The more a product is seen the more likely it is to

A plan that aids in the provision of legal services for its staff.

The shortlisting of potential bidders who will receive the invitationtobid(ITB) documents based on experience, reputation, financial and mangerial ability, etc.

The period between the date of shipment and the presentation of documents by the seller to the concerned financial institution, as specified in the letter of credit.

The presumption that the actions are performed correctly and in good faith by the concerned people.

The prevention of an illness through the receipt of medical care. Regular checkups are a good example of preventive care.