Category: S

A statistical error that causes one sampling group to be selected more than other sampling groups. It will craete a bias in an experiment.

A test that is automatic and is done by a device on itself when the power is switched on. It is to detect any malfunctions or configuration problems. The device will then

An expense or obligation that is able to make repayments to fulfill that obligation. A hire purchase for example.

A sensitive asset that if compromised can cause serious harm to an organisation.

A manner of training where new skills and knowledge are built upon the skills and knowledge that has already been learnt.

The geographical area that a healthe care plan can service that is set by a state agency.

A plan where services are the benefit that is provided and not a money amount for benefit.

1. Called a change over where a new piece is made ready to start being made. 2. Arrangement of seating. 3. A fully assembled item that is supplied ready to be used.

A method used in accounting where 2 sets of records are kept in order to look for and find any mistakes.

a way of measuring an investments performance.It is calculated by dividing excess return by the amount of risk needed to generate the return.

A letter stating indemnity that is given by a beneficiary of a letter of credit or L/C that is to induce a negotiating bank to relaes a payment against the L/C despite

A partnership in business that falls inder Islamic Financial law. 2 or more people join to provide capital or labour in a business through a formal contract.

The short interest thta is then divided by a stock’s avarage daily traded volume. It shows the number of days a short seller would take to buy shares that are required to

The concentration of a substance in parts per million that a person or body can be exposed to in a defined period of time that is short. It us usually 5 minutes.

Shoulder season is the same. The time between a high and low cycle in seasonal sales.

An agreement between a property owner and the railroad where a track has been built on the persons property and not the railroads property.

A contract not made by a deed. It may be an implied contract evidenced by the conduct of involved parties.

The percentage paid by one monthly repayment of the mortgage loan principal amount.

A subsidiary of a parent company that owns more than one subsidiary company. The subsidiaries are considered to be sister companies.

A process that is well controlled and is A+ or A- on the Six Sigma chart. It means 0.00034% defects per m illion products made or zero defects in real terms.