Worker treated like an employee for statutory deductions but for tax from income deductions the worker is considered to be self-employed.

Minimum length of time needed under law for a specified notice.

The obligation created under law that doesn’t arise from a contractual relationship.

A permit or license required by law to allow you to engage in a certain activity.

Limits or controls that have been place on activities by its ruling legislation.

Trust that is created by an operation of law where real property is held by trustees for the immediate or essential sale using their discretion.

Suspension in the progression of a law suit by a court order in situations where proceedings are frivolous or a plaintiff has been involved in misconduct.

A court order suspending a judicial proceeding either in full or in part.

Undertaking by a bank that will indemnify the carrier from liabilities arising from a shipment release without necessary documents of shipping.

A firm providing passenger and or cargo transport services that are scheduled with its own vessels or leased vessels.

An alloy of iron that contains carbon as low as 0.03 % as in a steel ingot through to 2.5% in cast iron. Varying amounts of other elements such as manganese, chromium,

Factors making up the external environment of the organization such as economic, social, technological, political and ecological that affect decision making.

Committee advising on issues key to company objectives and policy such as marketing strategy, budget control, allocation of resources.

Cost assigning process to different parts of a business.

1. Fixed cost increasing to a new level that is in step with activity changes or usage. 2. Fixed cost for a small volume that can change over a larger volume.

A function of Mathematics where a variable will remain constant within an interval but not outside or between intervals.

A provision for the increase or decrease in rent based on the agreed upon formula like the lessor’s associated expenses with a lease or sale of the leased property.

One that moves up and down in a fixed or standard progression.

Dramatic changes of a cost that due to involving a large expenditure unable to be spread over the period of accounting.

Balancing the budget by the reduction of expenses in a avidity of ways.