Category: R

The study of selected retail outlets providing a service based on subscription to market research firms. They will gather information ona brand’s volume of sales, trends in sales, levels of stock and

A rating system where an employerpays a part of an employee’s cost for any health care.

The amount of money given back to the insured when a policy is cancelled or the rate is adjusted or the premiums have been over paid.

The evaluation of the behaviour of management and the employees effectiveness.

A short term adverse effect of health that is reversed with time and the removal of the cause.

Developed by Microsoft it is a standard that is compatible with all word processors and allows exchange of digital documents.

A person from the insurer who screens all new applications and will approve or decline an application.

A priority in risk management by the etsablishment of quantitative or qualitative relationships gthat exist between risks and benefits.

Statement of the kind of risks and the extent to which a company will expose it self to risks.

The sum of money that needs to be retained by the savings institutuion in order to leverage any risks that are associated with the day to day running of the business.

The lack of compatibility between expectations of a position or job.

Economics Nobel Prize winner for research into transaction costs and right to property.

The strategy where a business will sell an asset and then want it back at a time in the future.

An older legal ruling that states that abenficiary must have the property left to him, transferred to him within a period of 21 years.

A new development of land that is between an area of rural activity and the edge of suburban area that has already been developed.

The rate in which the value of a capital asset drops due to certain variables such as the wear and tear, physical deterioration or the technological obsolescence of the asset.

1. Behavior guided by reasoning and not by emotions. 2. A Thinking process that uses logical, systematic methods in drawing a conclusion. 3. A person who can draw logical conclusions.

A reaction plan is the action that is taken in a control plan when abnormal events or a non-conforming phenomenon have been detected.

Real estate bought purposely to earn an income versus using the residence as a primary place of residence. A real estate investor will purchase buildings with the intent to rent.

Reasonable cost is a price that is consistent with what a reasonable person would pay in the same or similar circumstances for the same business or for the same or similar item.