Category: S

Method used in accounting where asset depreciation is split into 2 parts (1) profit and loss account and (2)part attributed to value increase charged to a revaluation reserve.

Substance capable of ignition with no exposure to flame or a heat source.

The person in change of a department that consumes revenue and advises line managers. They don’t normally make decisions about operations.

The length of time it takes in order to produce a quality service or product.

Genus of a gram-positive, grape shaped bacteria not forming spores causing food poisoning and infections that lead to meningitis, pneumonia etc.

The struggling of a company with its fiscal responsibilities.

The ban that has been placed on an activity by a parliamentary act. See statute barred.

1. Fixed cost increasing to a new level that is in step with activity changes or usage. 2. Fixed cost for a small volume that can change over a larger volume.

Base price of a vehicle displayed on a sticker on the windscreen.

Situation where demand or requirement of an item can’t be filled from current inventory.

1. Goods and materials that are not in transit but in long term containment, holding or placement. 2. Managing warehouse’s and store houses. 3. Cost of storing.

The method of keeping records in numerical order from the lowest to the highest.

Large stock of essential materials and goods to withstand a long period of scarcity caused by a natural disaster, war or strike action. See strategic stockpiles.

Commercial development where each establishment has road access and parking area access. Also known as a strip mall.

System of classification used by Morning Star assisting investors with allocating assets.

Related to or based on beliefs, attitudes and opinions instead of verifiable evidence. In contrast to objective.

The number of tasks that are needed to accomplish a significant part or a stage in a process.

Factors of a work setting that encourages common efforts to achieve organizational goals. Takes place of active leadership.

A trademark made up of words or word parts suggesting but not to describe the service or good. See descriptive name.

Income from man unpredictable source or from revenue outside a company’s primary business.