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
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
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
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
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
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
The noise that is heard when one radio wave is inteferred with by another radio wave of the same length. An electronic buzz that is heard when tuning into radio stations.
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
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
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.
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,
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
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
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.
A non-destructive and non-invasive method of seeing inside a particular object. The rays used are gamma and beta radiation and can pass through tissue to expose solid features that are found inside
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.
The known chemical variant of a naturally occuring element that is a mutated type and is subsequently mutagenic, carcinogenic and dangerous to living flesh.
The request fro information from a data base. It is in the form of a question and it can be asked about any subject that is contained in the specific database.
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
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.
An organisation that is not run by government and whose members are nations and countries and not individual people. The functions performed are often those that are performed by a government.
A technique used to solve problems which uses the fastest method to solve the problem. It is not necessarily the best solution but it will work before the ideal solution is found.