A practice in Japan in bargaining for an annual wage where smaller firms follow patterns of wages of the larger firms.

Latin- without day. A meeting that has been indefinitely adjourned where no date has been made for a resumption.

Called a SEP where the pension plan involves the employer paying towards an employees IRA.

Latin- without which not. A thing that is absolutely indispensible or essential.

The influence that is exerted by one firm over another where the first firm owns between 20 and 50 % share in the other firm.

A ruling that states that a loss would have occured regardless of a persons action.

an allocation of the overhead costs to different departments using one allocation base.

A channel of communication where signals only flow in an outward direction and cannot flow back into the channel. Radio and television broadcasts are an example of this.

An acknowledge that the document being referred to was executed properly by the intended body, place securely in an envelope and handed to the intended recipient.

The documents that are carried by a ship to allow it to meet all customs, immigration, health and safety requirements of its country of origin and all the ports it will call

The time when a piece of equipment, a machine or a plant is not working.

The assurance of quality investments to the shareholder.

A unit of cement from Portland that is 94 pounds in the USA and 87.5 pounds in Canada.

The precious metal that is traded on futures and spot markets where a future is equal to 5000 troy ounces and moves in increments of $0.005 per troy ounce.

Any maintenance that is performed when a machine or piece of equipment is turned off and out of service.

The quantity of equipment that is greater than the quantity needed to carry on safely. For example the number of radios on a plane.

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