Category: R

A device used in the conducting of electrical currents that controls the direction of current flow by the application of resistence. May be variable, fixed or both.

1. Computer system. A. Time between command and action. B. CPU processing time. C. Data retrieval time. D. Transmission time of data. 2. Internet. The time it takes a web site server

The estimated value at the end of an inventory procedure that is based on retail price and cost. Includes the following steps: (1) maintaining detailed records of stock and prices, (2) computation

An authorisation number provided when a customer returns an item for a refund.

A cheque that is returned after it has been dishonoured by the bank.

A shock that occurs when an expat citizen comes home after a lengthy overseas stay and has become used to the culture where he has been living.

An annuity that acts as a life insurance policy. Benefits are paid to athe annuitant when the insured dies.

Legislation allowing national banks to set up offices all over the nation.

1. A bank asset that is affected by credit quality, repricing, interest rate changes etc. 2. Equity capital and assetsof a firm in trouble.

A characteristic that is measurable that can affect the value of assets.

The extent of any exposure to a risk expressed in terms of money.

A fictional environment developed by Gerard Debreu and Dr. Kenneth Arrow where all risks of investment are mitigated by an insurance policy.

The lack of reasonableness or balance in the extent of expectations from the job or person doing the job.

The rate for accommodation that only includes the room and no foods.

The seating arrangement or a discussion where all people are peers.

An observation or formula that has been accepted based on practical knowledge and experience and not a scientific law.

A form of waiter service faster and less expensive than French service . The food is finished off with garnishes etc in the kitchen and brought to the table by one waiter.

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.