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

Category: S

SECONDARY DAMAGE

The damage that can be caused after the initial damage or failure of a device.

SECRET RESERVE

The amount that is not disclosed to anyone that is involved in buying or bidding on bonds and stocks. The only person who knows the amount is the person who is issuing

SECURITY MARKING

The clear marking of a document showing its level of security that will ensure its protection at the required level.

SELECTIVE DISTRIBUTION

Often used for designer and high end goods where a select market is chosen with a small number of select outlets to cover a geographical area.

SENSITIVITY CHART

Called a tornado diagram it is a graph that plots results of various assumptions on a final outcome in a sensitvity analysis test.

SERIAL CORRELATION

A correlation that is undesirable but remains undetected by statistical techniques. A non-random pattern.

SERVICE CENTER

A support centre that offers services to support other departments in an organisation.

SERVICEABLE

An item that is ready and able to perform the intended service, often after a repair or overhaul.

SEVEN TOOLS OF QUALITY

A device to understand and improve production. 1. Cause and effect diagram, 2. check sheet data record, 3. control chart, 4. Flow chart, 5. histogram graph, 6. Pareto chart based on the

SHAM TRANSACTION

A transaction that serves no purpose and provides no benefit economically but it used for the purpose of tax evasion.

SHELF LIFE

1. Time where goods are still effective and have not deteriorated. See storage life and expiration date. 2. The time an item is expected to stay in inventory counts. 3. Time in

SHIPPING DOCUMENTS

Any document that is required for an item to clear customs. A bill of lading, commercial invoice, insurance certificate, origin certificate or packing list.

SHOP CALENDAR

The calendar for a workshop or manufacturer that does not show weeknds and holidays and working days are numbered sequetially.

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.

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