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QUASI PARTNER

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.

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QUICK FIX

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.

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QUOTED INVESTMENTS

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.

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QUADRUPLE INDEMNITY

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

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QUALIFIED DOMESTIC RELATIONS ORDER (QDRO)

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 enforced by a court and will apply.

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QUALIFIED WIDOW OR WIDOWER

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 tax option for two years following the death of a spouse.

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QUALITY ASSURANCE (QA)

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.

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QUALITY MANAGEMENT

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.

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QUALITY TOOL

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 or strategy that can be used to ensure quality is maintauned during production techniques.

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QUANTITY SURVEY

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 the product.

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QUASI-AUTONOMOUS NON-GOVERNMENTAL ORGANIZATION (QANGO)

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.

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QUICK RESPONSE

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 retailer and a supplier.

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QUOTED PRICE

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 price is going to be exceeded the reason must be given before the work is continued.

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QUALIFICATION OF SIGNATURE

The recording of a persons signature. The name of the person is verified from other means of identification and then used to verify that signature.

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QUALIFIED DOMESTIC TRUST

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 treatment. Any taxes that become payable are deferred until all dividends have been paid.

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QUALIFYING

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 the right to purchase.

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QUALITY AUDIT

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 can be still manufactured.

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QUALITY MANAGEMENT SYSTEM (QMS)

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 to get the quality.

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QUANTIFIABLE

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

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QUANTITY THEORY OF MONEY

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

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