Category: V

Difference in number of production hours per unit and number of budgeted hours per unit.

Mapping diagram of overlapping circles showing the relationship between items.

Social movement of a person down or up in status.

Settlement where an insurer pays a part of death benefits covering a person with a terminal illness.

1. General. Having the properties of a thing but being the thing. 2. Computing. An operation or feature appearing to exist but it does not.

Microsoft designed programming language interface allowing programmers to modify Basic Code.

Electronic device that answers calls with a recorded choice menu.

Delegable right of a common share holder to vote in decision making processes and to select board members.

1. General. Making something effective and legal. 2. Accounting. Confirm or attest to a financial item. 3. Decision making. Establish a decisions worth.

1. Manufacturing. Analysis identifying and selecting alternatives with best value for materials, design, systems and processes. Also known as value engineering. 2. Purchasing. Replacing items with more cost effective items. Also known

Subjective assessment that something is good or bad, may or may not happen. Involve ethical, aesthetical, moral values that are not factual statements.

Important part of an ecosystem, welfare of the environment, health of a person that cab at risk from behavior and natural events.

Also known as adjustable rate.

Adam Smith theory proposing that greater economic resources are used in international trade than through national trade.

Web site serving as the point of entry to a niche market, area of interest or subject of interest. Also known as a mortal. See horizontal portal.

Company helps insurer reach a vertical settlement.

Community dispersed geographically but connected via the web community and internet. Also known as online or web community.

1. Real estate. Property’s net worth perceived by the owner. 2. Expression of information and ideas using visual aids.

Phone system feature allowing the operator to get a message to an employee on the phone.

Common shares give the owner the right to vote at the AGM. Also known as voting shares.