Category: Q

A strategic alliance or a joint venture that does not act like a partnership. This alliance will resemble a partnership but it is not a partnership.

A technique used to solve problems which uses the fastest method to solve the problem. It is not necessarily the best solution but it will work before the ideal solution is found.

The way in which a bond or stock will be treated when it reaches its maturity date. It is the acknowledged way a stock will act at its maturity date.

The rate of a hotel room that is suitable for four people. It applies to any room or unit that will accomodate four persons.

This is an order that will allow a divorced spouse to be the recipient of a dividend from a retirement plan or an investment in stocks and shares. The decision has been

This applies to a widower or a widow who is able to use the married tax option after a spouse has passed away. The qualified widower or widow is able to use

This involves the quality of a product during manufacture and before it is sold. It is an assurance to the consumer that all standards have been met before they purchase the product.

The activities of management that will create a quality control policy. A department will determine and manage all aspects of quality control to maintain quality and to continue to improve it.

Also called the 7 tools of quality. Any type of device or tool that is used to support the quality of all products. It can take the shape of a chart, technique

The amount that a company will provide so it will meet the demands of the customers. The amount is made available after the customers have been monitored to indicate the demand for

An organisation that is not run by government and whose members are nations and countries and not individual people. The functions performed are often those that are performed by a government.

A partnership strategy thatb results in a quick turnover for orders. The main aim is to reduce the rsponse time to a bare minimum and still supply the required products. Usually between

A written or verbal agreement that will cover the cost of repairs or for the purchase of a set number of items or a set service that is required. If a quoted

More than double indemnity in insurance cases. Often known as multiple indemnity.

This allows a foreigner in the US to get benefits from a spouse who is a US citizen. The benefits can be from estates, pension and retirement plans and to receive medical

A process that is used to ascertain if a buyer shows the right characteristics that will enables to act as a prospective buyer. These qualities include having the ability to purchase and

A periodic inspection to test the quality assurance of a product. All aspects of production such as safety compliance and quality control is assessed. It is used to determine whether a product

A system that has been developed in order to maintain the desired quality and specififcations that have determined necessary for a product. The system will also work towards maximising efficiency in order

A way of assessing the performance of a company through ratios. The ratios are from measurable factors available during the processing method.

A concept used in economics that states that the m oney supply willaffect the level of economy and the rate of inflation.