Category: R

1. The bias that is shown againstb a majority group and a min ority group. 2. Any act of giving anything to one group causes automatic discrimination over evry other group.

The provision in a deed transfer where the property transferred is reverted to the grantor if a deed condition becomes violated.

A strategy used in marketing where the concentration of efforts is based on a narrow area in order to achieve the objective.

1. Law. Doctrine of negligence used in the defense of a personal injury suit. 2. Risk management. A practice of the absorption of minor losses but protecting against large and catastrophic losses.

The certain and known outcome of a transaction, investment or asset.

Any threats that can exposed to a company or organisation.

A frequently and necessary concept used in mathematical finance to measure the probability to evaluate the worth of a derivative.

A person who has been assigned specific functions or taskin a program, process or project.

The serving of food and drinks to a person’s room.

The estimating of costs by all aspects of a production team that get together and work this out.

A chart used for quality control to determine if the long run average of a process is changing. A run diagram or tier chart.

An area with a lot of manufacturing businesses that have all moved operation or closed down.

The rate of inflation is calculated by how low or high the prices of services and goods move all the way through the nation?s economy.

This is the deliberate choice of a person to not pay attention to certain information because it will yield little or no benefit in terms of the time and effort.

Reactivity is the predisposition of matter to react with its surroundings such as air, light and water or other specific materials. Also see the definition of either reactive or reaction.

Data that divides households into two parts with one-half earning more than the median income and the other half earning less. This refers to the combination of more than one income earner

Period determined from trade practice, custom, trade practice, or from circumstances like those at issue, as the time required completing a transaction or contract without a specific maturity date.

Media planning tactic that indicates that advertising at a lower weight but a higher, consistent frequency is more successful than advertising at a higher weight but a lower, sporadic frequency.

This term refers to the maximum allowable airborne concentration of a substance in a work area. REL can be expressed either as a maximum limit or as a time-weighted average.

Waste energy from heat that is captured and put to use, such as in a jet engine where exhaust is mixed with fuel and ignited in the afterburner to obtain additional thrust.