Category: S

In a claims made liability policy the option that will extend the time when claims are allowed to be made.

The increase of rate of output that occurs to meet a sudden increase in demand, in war time for example, by working multiple shifts and expanding the capacity of production.

An activity supporting, but contributing directly to product quality, customer value or generation of revenue but that is necessary for the continuation of the organization.

An electronic or mechanical device that closes or opens a path for electricity to move power from one point to another. See valve.

The subjective or apparent manifestation of a disease or condition or the change of such. See syndrome.

Authority or ability to interact with a computer system that results in flow of information; way to input or output data from a sauce of information. Access implies authorization.

A rate applied to a specific class of commodity or single commodity. An example is flowers.

The impact that is caused by a change in demand or supply that causes a similar effect on other markets.

Financing flowing from sales volume and activity during business operations needing no assistance from creditors or lenders.

a process that will fail only within a set range and with minimal causes of failure.

The notification that the state of high preparedness is over and an alert has been called off.

1. Agreement where the vendor allows the buyer to purchase goods and services at a set price for a set period of time. 2. Irrevocable offer renewed automatically after a closing date

An assentation written down including all pertinent facts for a court case. TLD Example: The memorandum of law submitted in support of the motion began with a detailed statement of facts before

Needs that contracts must be written and executed properly to prevent perjury and fraud.

Factors making up the external environment of the organization such as economic, social, technological, political and ecological that affect decision making.

Latin- let it stand. 1. Law. Court order that will stay a legal procedure. 2. Proofreading. Ignore the correction just made.

Items of inventory that have been ordered but have not yet been shipped.

Reinsurance taken out by a health plan or a plan funded by the employer.

The calculation of the present value of any future cash flows without any compounding.

A factor that is critical in determining the failure or success of the strategy of an organization.