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

WORKGROUP

Two or more people acting like a team to achieve a common goal, may not work in same department.

WELL STRUCTURED PROBLEM

Problem where desired and current state is identified clearly and reaching desired state is obvious. See ill structured problem.

WORKING STOCK

Part of inventory available for normal demand in a given period.

WORKLOAD

Amount of work assigned to a resource over a period of time.

WITH RIGHTS

Buying shares where the purchaser has the right o buy more shares in the next share issue.

WORKFLOW

Steps comprising a work process where 2 or more people add or create value to activities of an organization.

WORKSHOP

1. Shop floor where physical work is carried out. 2. Seminar opt training class given to solve tasks related to work to gain hands-on experience.

WORKERS’ COMPENSATION

Financial support provided to an injured worker covering income, medical costs, rehabilitation or death from a work injury.

WORLD CLASS

The best quality goods, services and processes as ranked by experts and customers.

WORKFORCE MANAGEMENT

Managing the work force so they know what work is to be done. Also known as employee relationship management.

WEIGHT TON

3 types of tons are used in shipping. 1. Long ton-2240 ponds, 2. Short ton-2000 pounds and 3. Metric ton-2204.68 pounds or 1000 kg.

WELFARE

1. Resources and conditions needed for healthy and comfortable living. 2. Government support for members of society who are disadvantaged.

WORLD BANK

Popular name for International Bank for Reconstruction and Development. See World Bank System.

WORK YEAR

Hours worked by a full time person each year and commonly 52 weeks at 40 hours each week.

WHOIS

(1) Directory service of Interknit listing names, addresses of people owning and maintaining web sites. (2) Online directory listing logged on network users and people with responsibility for maintenance and management.

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