Legal Articles

A test that is used to determine if an item passes a test that it is required in order for it tom be able to be used. It is a systematic examination to determine an items qualification for a job.

This applies to any equipment that has reached a certain levels of requirement necessary to complete a job or project. It will have to reach minimum safety specifications and requirements in order to qualify.

The steps that are taken in order to determine if an individual meets the requirements of a lending institution for a loan. It also assesses their ability to pay of the loan in the future. The ratios exist between the money the person has to repay to the financial insititution compared with the money they are able to earn.

A systematic process throughout the design and manufacture of a product that ensures a good product is presented to the public for sale. If all steps of a development follow quality guidelines then the end result will be a quality product.

While maintaining quality of a product, the product must still conform to all effective design and manufacturing processes. An efficient and effective method of manufacturing is still needed while quality control is important.

A measurable quantity of an object. It can be size, dimensions, thickness, lightness or hardness. If something can be measured and identified.

An inventory of specific items that are kept for an emergency situation or items that are set aside for a specific use.

Through the use of modern technology, information is researched and developed in order to provide the information to other industries.

The term quiet here does not mean that there is no noise. Here it means that there is no outside interference with an activity. An activity is enjoyed without the interference of another or superior party.

A companies director may not need to have any specific qualifications. If he does hold qualifications relevant to the business of the company he is required to use this qualififcation to improve business.

A real estate strategy that is used to limit a capital gain or loss on a sale and therefore limit the taxes paid on any capital gain. The property is relinquished to a third owner who takes temporary ownership and gives the original property owner a property in “like” of the original one.

The number of shares that a member of the board needs to own to qualify to be on the board of directors of a company. If not enough shares are owned the person does not qualify to be on the board.

Originating in Japan and called quality control circles. It is a small number of people between 6 and 12 that look after a certain aspect of quality control in the manufacture of a product.

The design of a product must include quality control. A quality design will produce a quality product and all aspects of the design must still enable the finished product to work as originally intended.

The analysis of any measurable data. This data is verifiable and measurable. Data such as wages, earnings, market shares and other items.

A report or document that is released or repeated 4 times a year. It is done every 3 months. The documents or reports are produced evenly over the period of one year and not just in the first 4 months or at any random times 4 times a year.

A position in UK courts that can be bestowed on a barrister with at least 10 years experience who is then recommended for the position. The Lord Chancellor will offer the recommendation. No position exists in the US.