A policy for business interruption in which in case a business’ daily activities are interrupted, an insurance will cover a certain, specified amount until the business reopens.

The thousand part of something.

The opinion of a consumer as to the quality of a certain product. It does not determine the actual quality of the product, just the customer’s opinion of it.

The level of uncertainty of a consumer, depending upon whether the purchase he/ she is making will be worth it or not. The perceived risk is higher when a more expensive purchase

The opinion of a consumer depicting the overall value of the product for themselves. It might not be connected in anyway to the actual value of the product.

A fraction of 100. Usually, percentages are calculated by dividing 1/100 with the given value. The symbol used is %.

A chart used to measure the quality control and calculate the stability of any process involved in the quality control .

The percentage volume of any substance in liquid or solid state, and by how much it would evaporate at the standard, ambient temperature. For instance, gasoline is regarded as being 100 percent

Any fraction expressed with 100 as the fixed denominator.

When the rental amount is calculated at a certain fraction of the sales that are generated by the leased property, that commercial lease is known as a percentage lease.

A method used for recognizing the revenue gained on any contract that has been completed over more than a single period of accounting. This method is appropriate when the total cost of

A general method of predicting the requirements of cash, commonly done by expressing the expenses and the revenue as a percentage of the sales, and then using the percentage as an income

An agreement which states that the insured party, as well as the insurer will be liable to pay a certain portion of the losses, which must be agreed beforehand in the contract.

A simple test which is used to determine whether any approved plan will provide benefits to at least 70 percent of the employees that are towards the lower end of a company’s

Any number that is used to determine the percentage position with a number of data samples. For instance, if the performance of an employee is at the 57th percentile, then his performance

A research technique used in marketing in which the views of consumers are plotted and then charted on a map. Various questions are asked, and then the results are used in order

Salts which occur naturally and those which are made synthetically from perchloic acid. Various different types of perchlorates are available. Usually, they are all soluble in water.

The binding of a book, done with adhesives, which allows it to open completely flat, i.e. at 180 degrees.

An economic term for a market in which there are lots f buyers and sellers, depicting little individual control over the prices. Other characteristics include the fact that all buyers and sellers

A defense in which the accused is acquitted fully with all his/ her rights restored.