Category: R

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 exchange is the monetary value of a determined amount of foreign currency on any given day.

Attempts to explain social phenomenon in terms of how self-interested individuals make choices under the influence of their preferences. All parties try to maximize their advantage, and to minimize their disadvantages.

A reactive strategy occurs only when a management team or a manager is pushed or pressured into taking action to the changes that have taken place in a firm?s development.

Real investment is money that is invested in tangible and productive assets such as machinery and plant, as opposed to investment in securities or other financial instruments.

This term refers to an ordinary person who exercises care while avoiding extremes of boldness and carefulness. This term does not apply the same to each as each age group behaves differently.

A Flaw or Inaccuracy in performance appraisal or job interview, caused by the evaluator or the interviewer’s dependence on the most recent occurrences of the employee or the applicant’s behavior.

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.

The portion of a product’s material expressed usually as a percentage of its total material content that has been recovered from pre-consumer waste or postconsumer waste.

1. Accounting: Procedure of asset depreciation based on a percentage of its book value that lessens every year. 2. Banking: Procedure for calculating the interest amount on the principal balance.

This term refers to written material or literature that is not a part of a main body of files, but is required as an information source.

Materials that can tolerate extremely high temperatures without degrading or softening. Refractory materials include certain ceramics and super alloys, and are found in furnaces, jet and rocket engines, and the shuttle.

This term relates to the inclination that something will revert to a previous lower state.

It can be defined as, a type of humidity that considers the ratio of the actual vapor pressure of the air to the saturation vapor pressure. It is usually expressed in percentage.