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

Category: Q

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

QUICKEN

1. Personal finance software. It is a program that will anable everyone to cope with their own financial tasks in one easy to us eprogram. 2. To make something happen in a

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.

QUICKTIME

A multi media software that enables people to watch and make videos, music and animation films. Developed and distributed by Apple. It is used to playback files that have been created.

QUALIFIED ACCOUNTS

A term used by auditors about accounts which have been audited and the auditor has doubts or disagrees with certain aspects of the accounts. The doubts will be considered to be of

QUALITATIVE FACTOR

These factors are used to highlight a company’s performance. These elements include items such as margins of profit, the style of management and product turn over rates.

QUALITY IMPROVEMENT TEAM

The group of people charged with carrying out the quality improvements. They will endeavour to improve the quality of the production by cutting any losses and improving methods of the manufacture.

QUALITY SURVEILLANCE

The continuing monitoring of all aspects of production from start to finished products. Each step of the process is constantly checked to maintain the efficiency and quality of the processes.

QUANTITY DISCOUNT

The discount that is applied by the retailer or wholesaler when a certain quantity of a product is brought by the one person. The discount will be applied to a one time

QUASI NON-GOVERNMENTAL ORGANIZATION (QUANGO)

A corporation that has been funded by the government but does not act within the confines of governmental control. These corporations perfom the operations of a watch dog or regulatory function.

QUIET ENJOYMENT

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

QUALITATIVE FORECASTING TECHNIQUE

This is forecasting that uses factors that cannot be directly measured. The estimates are made with a systems of ratings to produce a figure. No verifiable data is used it is based

QUALITY LOOP

A quality spiral. It is representaion in visual terms of the steps that interact in the process of creating a quality product. The steps include the identification of a customers needs and

QUALITY SYSTEM

The complete list of activities including incentives, policies, plans, resources, organisation, that is reuired in order to implement a quality control system that will ensure an efficient and effective method of producing

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