Category: S

In 1963, Allied Crude Vegetable Oil committed $175 million loan fraud when it used water filled cargo as part of its inventory to fool inspectors.

The individual who sells services and goods to another person. Their success is based on volume and sales.

an anti miocrobial agent that kills or renders inactive 99.9% of all known bacteria, viruses and fungi that are present on a surface. Based on toxic chemicals. See disnfectant and sterilant.

A situation in financial management where the internal rate of return (IRR) method may lead to an investor choosing a higher IRR that may give him a lower return than a project

A broad outline of how an objective can be acheived. It is not a formal plan and will not show every detail.

Issues that are included in a collective bargaining situation. Classified as mandatory, permissive or prohibited.

A program for computers that uses keywords and phrases to search for documents and web pages using the keywords and phrases.

A statement of financial position nmust be made with the SEC by a company that is ytrading on the public markets.

A policy in insurance that cobers things not covered by a primary policy.

A strike that has occured where labour is withheld due to teh company buys or sells from a firm where the workers are striking.

An enforceable claim that is created by a security agreement or by the law that secures the fulfillment of a pledge.The lender has security interest incollateral provided by a borrower to guarantee

The demand for a certain brand that happens after the initial demand in the life cycle of a product.

1. Management. A process where managers at all levels will evaluate the effectiveness of their own performance across all areas of responsibility to determine if improvements are needed. 2. Taxation. A regime

The ability a system has that it can arrange its elements or components spontaneously and in a purposeful and non-random manner.

A “What if?” analysis. A simulation where quantative computations and assumptions are changed in order to assess the effect on a final outcome.

The single direction of communications in one direction only.

A company that provides a service that can be specialised like copying, payroll processing and accounting.

The degree to which an item is serviced using given resources in a set time frame.

A measure of quality performance. 7 factors are used. 3 hard factors, system, structure, strategy and 4 soft factors, skills, staff, shared values and style.

A market upheaval that sees smaller competition eliminated and the few larger and stronger firms dominate.