Category: S

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.

Factors that affect the organization’s external environment and its strategic objectives.

Achieved by the sale of standard packages of securities comprising common and preferred stock, convertible bonds with debt in fixed proportions. Also known as strips and can’t be confused with STRIPS.

The format for written communication followed by all departments of an organization.

An error that is systemic and caused by the bias or prejudice of an individual.

Contract describing benefits available to a person registered under a plan for health care.

The underlying or primary material on what other materials are applied or made from.

Life insurance provision where the policy will not pay for suicide within 2 years of the start date.

Money spent and lost permanently.

Situation where leaders gradually and deliberately turn over power, authority and responsibilities to a team that is self-managed.

Expenses that are incurred in activities that are not associated directly with production.

Property not being used but is held by a state government. It may be out of date of not working.

The business that takes advantages of its employees and work them under hazardous or harsh conditions paying minimum wages.

An assessment or written or oral facts that are stated under oath, an affidavit, for example.