Category: R

1. Corporate. The component of risk assessment where risks have been ranked according to their severity and extent. 2. Food industry. According to WHO/FAO the integration of identification of hazards and the

A diagram showing the possibility of a profit or loss of any given investment.

The steps or procedures taken to implement the unacceptability of facing a high risk.

A product or good that is capable of being used by only one person at any given time.

The effect a wage rise has on benefits that are calculated as a percentage of the wage.

The investigation of why a component has failed.

The working out of the best route for cost effective distribution that will minimise any distances travelled with minimal stopovers along the way.

The time for airing commercials at the station or channels discretion.

The taxation that takes place on a larger percentage of a lower income and smaller percentage of an income that is higher.

1. Contracts: A stipulation where the contract rights of those involved is adjusted according to the formula agreed to as each stage is completed. 2. Utility Bills: A stipulation where the monthly

This number, found by dividing the total sales revenue in a given period by the average inventory, is the number of times that a firm sells out of its merchandise.

This process is necessary if the items in demand outweigh availability. A governing body will control the issuance of the goods to the public. Rationing takes place during wars and severe economic

Readiness is the state of being prepared though people, systems and organizations to meet a situation and carry out the proper sequence of actions. It is based on thorough planning and training.

A payrate that is adjusted to account for the effects of inflation.

This term refers to the returning of something back to its original factory specifications, by carrying out replacement of parts or repair as necessary. See also reconditioning, refurbishing, and remanufacturing.

The first point of contact in an office; receptionists are seated at the entrance and do a variety of tasks including answering phones, distributing mail, signing for packages, office upkeep.

Re-calibrating and servicing equipment to bring it back to near new or original operational level. Reconditioned goods are often of later models and usually in better condition than refurbished goods.

Method chosen by an organization to restore operations to normal following a disaster. It includes (1) manual operations, (2) suspending data processing (3) arrange a service provider and (4) backing up essential

Opposite of black ink, this term signifies the colloquial term for a loss or a deficit.

This term refers to that which goes beyond what is natural or ordinarily necessary