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

Category: Q

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

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.

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.

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

QUANTITY SUPPLIED

The quantity of a product that is supplied to a person who is purchasing the products. The supplier will order a set quanitity of a product and the wholesaler will supply that

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.

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 MARKET RESEARCH

This market research interviews consumers that have purchased a new or recently improved product on the market. Only a small number of people are interviewed in order to gauge the consumer reaction

QUALITY LOSS FUNCTION

A mathematical formula that was developed by Dr. Genichi Taguchi in Japan in which the result is listed in money terms. It is a formula that estimates the loss of quality that

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

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

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.