Category: Q

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 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

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

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

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.

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.

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.

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

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

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.

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.

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

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

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.

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 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

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

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