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

RALLY

This term is used to describe the increase in a commodity. This increase will occur after a fall or decline in the value of a product. Often a term that is heard

RANK AND CUT

A method of decision making that ranks the importance of each project. They are ranked by a set of criteria such as cash flow, risk factors, capital appreciation. The allocation of capital

RAMEN PROFITABLE

A term that is used to describe a person or company that is just breaking even by covering all living expenses. It indicates that a company is making more money that it

RANDOM VARIATION

The variability that is contained within a process that cannot be determined. These fluctuations and variations are caused by erratic and irregular actions that are the result of random chance. These random

RANGE CHART (R CHART)

A chart that is used to control the s tability of the variables of a product. A product will be stable over a set range of variables and it will tracked during

RAMP UP

The gradual increase in energy, manpower or quantities. Often when a production begins only a small quantity is produced. Over a period of time more and more is produced and moremoney is

RACK RATE

The rate that is charged for a hotel room or accommodation when a person just walks in off the street. It is usually more expensive than the rates that are charged by

RASTERIZE

The adjustment of a computerised image so that it can be printed by a dot matrix printer or laser printer. The image will be adjusted in such a way that it becomes

RASTER GRAPHICS

Do you know about Raster Graphics? These graphics are made up of thousands of tiny pixels. When a raster image is enlarged you can see allof the little dots that go together

RATABLE VALUE

The value of a property on the real estate market. This value is based on the annual rent received for the property. A ratable value will be assessed to determine if any

RAINBOW OPTION

Something that has more than one underlying option associated with it. These options are called colors. Hence the term rainbow option. These factors cannot be combined as one factor.

RAPID PROTOTYPE

A model that is 3 dimensional and generated by a computer from a CAD drawing. The creation of this prototype model is made using different techniques. These techniques are selective laser sintering,

RATABLE

1. The quality of an object that allows it to be rated or appriased under certain criteria. 2. A proportionate ratio of the whole. 3. A taxable quantity.

RANK AND FILE

The general employees that do not include the managerial positions and department heads. It derives from a military term where soldiers stood according to rank and in lines or files.

RACK RENT

In the US it is applied to a rent that is excessively high. In the UK it applies to an amount that is not less than 2/3s of the rent a premises

RASTER IMAGE PROCESSOR (RIP)

A device that will translate vector images into images that can be printed by dot matrix printers, laser printers and recognised by scanning equipment. It will produce a bitmap of an image.

RADIOACTIVE

A material is considered to be radioactive if it emits enrgy that causes damage to living tissue. The rays or particles that are emitted are known as alpha, beta and gamma radiation.

QUALITY MEASURE

This is the measure, quantitatively, of the quality of a product. It measures the attributes and characteristics of the product that is being measured.

RACIALISM

Similar to racism where a person is deemed inferior because they belong to a different race of people. That race is a determination of the behaviour that is seen in human beings.

RADICAL PROCESS IMPROVEMENT (RPI)

A method of reducing a process that may usually take months to happen, to make it happen in a much shorter period of time. An acceleration process that is sued in times

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