Category: Q

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.

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.

An agreement that is between two parties where one party will borrow money from the other. The agreement is that the money will be paid back in the future but there are

Frank Galton invented this in the 1890’s in the UK. A tool that is used to represent and to create a frequency distribution. It has boards and pegs through which they pass

A trust in which the assets are able to be transferred to a spouse for the length of their life. The assets can also not be transferred to another person after the

The measure of the relative risk that is involved with a product or service. It numbers from 1 to 10 and uses terms like very important, important, not important, not very important.

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 number that is given to a subjective aspect of a phenomenom or object. It uses an arbitary scale to measure the attributes and characteristics that are exhibited by the object or

The guranteed rate of exchange between one countries exchange rate and another. The rate is guaranteed at the time.

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

A unit of metric measurement. It is the equivalent of one tenth of a tonne or one tenth of 100 kilograms. It is equal to 220 pounds.

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.

This is the measure, quantitatively, of the quality of a product. It measures the attributes and characteristics of the product that is being measured.

The different amount in dollars of an item on a different exchange. The dexription is changed along with the exchange.

A benefit that is made for any time that is lost due to a period of quarantine. The benefit will be paid out when a health department or authority demands something is

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.

Just one of the four values or points in a group of five each being one fifth of the total. It will divide a range into five equal parts.

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