Category: R

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.

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 seating arrangement or a discussion where all people are peers.

The standard in airline procedure for the accommodation of stranded passengers due to delayed and cancelled flights.

The percentage of income annually from bonds at a set price that ignores any ‘pull’ that is caused by its closeness to its date of redemption.

Shown as a relative amount between changes in variables over a precise period. Stock traders depend on the swiftness of change of one stock price relative to another stocks price.

A test where a certain number of employees on the low end of the pay scale must equal 70 percent of the employees on the high end of the scale.

The amount of time it takes to perform each individual task in an operation. This number is derived from a study of time, motion, historical information and standard time data.

Reserve, liability, capital accounts and assets, which will appear on a balance sheet. Real account balances will not be cancelled at the period end but are instead carried over into the next

The real rate is the rate of income, wage, interest growth or other variable adjusted to offset or even eliminate the effect of inflation.

Expressed as a decimal fraction, this is the ratio of the actual performance time to standard time.

Another way to state the term for doctrine of reasonable expectations.

Accounting term for monetary amount due from a customer, employee, supplier or other source. Receivables, considered as accounts receivable, notes receivable, etc., and represent an asset of the firm.

Ingredients or components with their relative proportions and the method of processing to create a manufactured good or product.

According to the provisions of the GAAP, revenue may be recognized when cash is received or its ultimate receipt becomes certain or enforceable. Inclusion of revenue in an income account.

Revised set of drawings submitted by a contractor upon completion of a project or a particular job that reflects all changes made in the specifications and working drawings during the construction process.

This term relates to the parts or components of waste materials or damaged items that may still be able to be used .

This term refers to ability of waste materials to be captured and separated from the waste stream for conversion into a new item or reused in the same capacity.