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

Category: S

SITUATIONAL INTERVIEW

A technique that is used in an interview where the applicant is placed in a certain situation and asked about how to resolve it.

SKIMMING PRICE

A high price that is aimed at the higher income groups for any status and luxury goods or for extracting a maximum return from markets for any new technology.

SLIDING COMMISSION

A compensation for sales personnel where they are paid different percentages of commission at different volumes of sales.

SMART MONEY

The trades and investments in stocks that are made by the most sophisticated vendors who have a great understanding of financial markets and often see trends earlier than others do.

SOCIAL ADVERTISING

Messages in the media that are designed to motivate or educate the public to et them to engage in a voluntary social activity or community service.

SOCIAL INFLUENCE

Actions and thoughts that have been influenced by groups or another person by peer pressure, marketing and conformity.

SOCIAL SERVICES

The government provided facilities such as education, health care and housing in order to improve living conditions of children, elderly and the disbled.

SOFT DETERGENT

An agent used for cleaning that is biodegradable and will break down into its smaller and simpler elements in a shirt period of time.

SOLID WASTE

Semi-solid and solid waste from demolition, mining, agriculture, sewage and garbage.

SOURCE CODE

The computer program that is written in a language and then converted to a code the computer can read.

SOVEREIGN STATE

A state with full sovereignty over all of its affairs, territory and existence.

SPECIAL JOURNAL

A book containing original entries that is ditinct from a general journal that is used for recording only specific types of transactions that are repeated during the month.

SACK

A unit of cement from Portland that is 94 pounds in the USA and 87.5 pounds in Canada.

SALES MULTIPLE

A figure that is computed when the annual revenue of sales is multiplied by an industry multiplier that arrives at the current market value of a business.

SAMPLING UNITS

A single unit selected to act as a sample for the whole group. A college student for example as a sample from the whole college.

SCAB

An employee who works when others are on strike, accepts work where is a strike is being held, works in place with no union or works under non union conditions where a

SCENARIO PLANNING

A visual process used to depict future conditions, probable events and consequences and how to respond to them and what benefits might be gained from them.

SCIENTIFIC METHOD

A step-by-step approach to solving problems. Identify and define the problem, accumulate data, formulate a hypothesis, conduct experiments to prove hypothesis, interpret results in an objective manner and repeat.

SCRIP ISSUE

A transaction that occurs in book keeping where new shares are given to current share holders at no cost in proportion to the number of shares already held.

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