Category: S

A cancellation type where the insured does not get refunded a proportion to the number of days that are left on a policy.

An investment that will mature in 1 year or less, or that is held for 1 year or less.

The way a trainer or teacher can best demonstrate applying methods, procedures, practices an dprocesses.

1. The Greek symbol for sigma that represents a sum ot total operation.2. See also six sigma.

A channel of communication where signals only flow in an outward direction and cannot flow back into the channel. Radio and television broadcasts are an example of this.

A loan that needs one payment at the end of its life to pay the full amount of the loan.

Action that is taken by employees on strike where they stay at the place of work so non-striking employees can’t do their jobs as replacements.

A wage system where the employess are paid by the number of skills they possess and not how long they have been at the company.

A free VOIP, voice over the internet, service to let users communicate via the internet by a combination of video, voice and messages.

A residue of a semi-liquid consistency from industrial processes and the traetment of sewage and waste water.

A heavy manufacturing industry, cars, metal industries, that puts pollution into the air that is harmful to the local environment.

Essential for any organised behaviour in a group or community that is unwritten but agreed upon and establishes responsibilities and rights.

Any cell phone or internet based tools and applications that are uswed to share and distribute information. Sites such as Facebook, Twitter, YouTube, blogs.

A person or in dividual who follows and lives by the principles of a Socialist ideology or dogma.

A proof ready for printing that is shown on a computer screen and not on paper or material as a hard and finished copy.

A civil engineer specialising in the analysis of soil, drainage and factors that can influence the foundations of structures to be built on them.

A comparison, mathematically, of the different elements of financial statements. 1. Current liabilities to inventory ratio. 2. Current liabilities to net worth ratio. 3. Current ratio. 4. Fixed assets to net worth

The sorting of a range of materials that form waste products where it is made and not where it is dumped.

See general agent also. The agent who acts only for a principal and only for a particular purpose.

A supplememntal fund given to a person with a disability that does not jeopardise any government support payments.