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

RANDOM

Events or data that acts ofm its own accord. It will show no recognised pattern or direction that can be plotted for the anticipation of future actions. A random event or action

QUICKTIME

A multi media software that enables people to watch and make videos, music and animation films. Developed and distributed by Apple. It is used to playback files that have been created.

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

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

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.

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,

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

RADON

A gas that occurs naturally as the by product of the decay of naturally occuring uranium. The gas is both odourless and colourless. Although named a s aknown carcinogen by the EPA

QUOTED PRICE

A written or verbal agreement that will cover the cost of repairs or for the purchase of a set number of items or a set service that is required. If a quoted

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

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.

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

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.

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

RAMSEY PRICING

Named after Frank Ramsey, known as the elastic rule. This is a term used to imply that if the market increases the price will increase accordingly. People used to buying a product

QUIET ENJOYMENT

The term quiet here does not mean that there is no noise. Here it means that there is no outside interference with an activity. An activity is enjoyed without the interference of

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

QUOTA SAMPLING

This is a sampling method that specifies the representative group. An example might be from males aged between 30 and 40 years old.

QUICKEN

1. Personal finance software. It is a program that will anable everyone to cope with their own financial tasks in one easy to us eprogram. 2. To make something happen in a

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