Method and industry standard used to store scanned and digital images in gay-scale, full color and black and white.

Method of quality control combining process control and control charts with process and product design in order to get a total design that is robust.

Adaptation of requirements to current needs of operation by deleting, modifying and supplementing without any deviation from the norm. See also deviation.

Written promise where the lender provides long term financing to replace a short term loan or bridge finance. Also known as Takeout agreement opt Takeout loan.

The circumstances where one company resists its acquisition by another company.

The amount that a seller needs to raise for a buyer; or the price that needs to be lowered for the seller so the counter party will accept the offer.

An adjustable time unit used for production that will synchronize production rate with demand rate. German term referring to the beat of music.

1. Natural ability to excel in a duty or action. 2. Group of people with an aptitude for certain tasks.

The pyramid type of organization with a relatively high number of ;levels in the hierarchy. Opposite to a flat organization.

1. Law. Improper or illegal alteration with evidence or documents, meddling with a witness. 2. Quality control. Adjusting a process continually in order to compensate for output variations.

A US subsidized mortgage program where loans enable developers and builders to create not for profit public housing.

Something that has form and exists physically and is discernible by one or more senses.

Assets listed as plant equipment, property including machinery, cash, anything that has a physical existence.

Benefits that are quantifiable, especially with regard to money.

The value that is calculated by the deduction of assets that are not tangible, expenses for start-up and any financing costs that are deferred from the moral book value, BV, of the

An asset expected to be in use after the current period of accounting.

Calculated by deducting intangible assets, preferred costs of equity from the book value of a firm.

An instrument with associated costs that are depreciable.

The amount that is assigned to the area of business operations like supply payment.

A firm’s equity capital calculated by deducting liabilities, prepaid expenses, goodwill and start up and deferred costs from a net total of assets.