Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: S

SHORT RUN

A time during which only some variables can be changed as time is short.

SHOWROOM

The room where a compoany will display all of its products.

SIGNAL TO NOISE RATIO

1. Communication. The ratio between all information sent to the usefil information that has been received.2. Quality control. The size of n experimental effect that is greater than the effect of an

SINE DIE

Latin- without day. A meeting that has been indefinitely adjourned where no date has been made for a resumption.

SINGLE POINT OF FAILURE

A point or part of a system where there is no backup in case of failure. The whole system will become disabled.

SITE ACCESS DENIAL

The m aking of a work site unavailable due to disturbances such as fire or flood in surrounding areas all though the site may be unaffected.

SKILL TEST

The evaluation of the competency of an employee to do the skills required for a particular job.

SLACK

1. The number of days or hours that a job is ahead of the schedule. 2. Used in CPM, critical path method, it is the difference in length of the path compared

SMALL BUSINESS

The designation for a certain sized business in terms of employee number, annual turnover, value of assets for example.

SMOOTHING

The technique used in statistics that evens out small and short term irregularites in data.

SOCIAL EMOTIONAL LEADER

A Leader who is concerned at morale boosting at a high level by allaying any fears, argument mediating, tension reduction an the settling of disagreements.

SOCIAL NORM

The pattern of a behaviour shown by a particular community, group or culture that is considered to be mormal.

SOCIALLY CONSCIOUS MUTUAL FUND

A mutual fund that has excluded investing in companies whose business practices are thought to be ethically or morally troubling.

SOFT SKILL

A skill that does notrequire a specific technique or learned trade such as human relations, team building, presenting ideas for example.

SOIL MECHANICS

A branch of Civil engineering studying the mechanicalm properties associtaed with soil.

SOPHISTICATED INVESTOR

An investor with experience to marketing knowledge able to evaluate investments and their potential.

SPECIAL AUDIT

An assessment that is based on an auditor’s report that asks for the further analysis of a business practice.

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