Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Q

QUAD

1. A room that can accomodate four persons. 2. This applies to a unit of electricity that has a quadrillion or 1015 BTUs. It will last around 293 terra watt hours for

QUALITATIVE ANALYSIS

An analysis of a product that bears no relation to the actual product itself. It is how a person feels about a product and not what the product actually can do. This

QUALITY FUNCTION DEPLOYMENT (QFD)

A method that looks at all the sspects that a customer wants to see in a product. This deployment is used to create, make and deliver a product. It is from the

QUALITY PLANNING

A system that will translate the quality policies into the creation of a quality product. The steps used will include measurable requirements and objectives. All of this must be done within a

QUASI EQUITY

A type of non-secured debt. A debt that is consideredd to have some equity traits or collateral.

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

QUAD RATE

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

QUALITATIVE CHARACTERISTICS

These are a set of guidelines that must be followed in order to comply with an FASB ruling. A accountant will need to follow these specific guidelins in order to complhy with

QUALITY POLICY

The policy of the top levels of management that will ensure the quality of its products. Management will develop a policy that will make sure that quality is always maintained.

QUANTITY

The amount of a product that is made or ordered. A njmerical amount that measures the objects being ordered and sold.

QUASI ESTOPPEL

Quasi estoppel is an equitable doctrine that prevents a person from denying an act or assertion if such denial is deemed to bring harm to another who reasonably relied on the act

QUICKBOOKS

A software package that is used for bokkeeping that incorporates many programs into one easy to use program. The software is customisable and incorporates spreadsheets, tables and tracking sheets in one easy

QUALITATIVE DATA

Data that is used to describe a product but not define its characteristics. Non- measurable data that does not include any weight or dimensions. It is information that has been collected about

QUALITY IMPROVEMENT

A method of improving the production process that makes an item. Various parts will show improvement by cutting losses, improving production times. A systematic approach is used in order to improve the

QUALITY SCORE CHART (Q CHART)

A chart that is produced to ensure quality by giving a score to each part of the process. Each process is given a score depending on the importance of the process.

QUANTITY DEMANDED

The amount that a consumer creates by demanding an item. The demand for an item will initiate a set quantity of an item be available for purchase.

QUASI JUDICIAL

The acts of an officer that take on a judicial quality. The officer is authorised to act in such a way.

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