An old slang term to refer to diabled individuals or the elderly who depend on the insurance and other funds that are sanctioned by the government. Social Security is the current term

A person assuming a position in a public office either through election or appointment is expected to take this formal oath which reminds them of their obligations to the public and to

A latin term meaning said in passing, it is a judge’s statement that is based on some established facts, but does not affect the judgement.

1. Accounting: The goods or services that was purchased. 2. Modeling: The modeling arhitecture’s portrayal of a real world situation through a representation. 3. Programming: A program that consists of data and

Code that is outputed by the compiler program. Similar to the machine code sometimes, it is usually in a form that requires translation by another program.

The total sum of direct and indirect costs to the manufacturer on a product or service provided.

A technology developed by Microsoft that allows for information from different media to be inserted into another file through two methods. (1) Linking: The files involved are separate, But through a link,

An operating system that utilizes objects in its user interface or programming language.

The ease of manipulation granted by this design method is possible through the representation of files and other operations as data structures.

a programming ideology that views programs as a combination of objects, which are capable of exchanging information between one another, and can be easily combined to form modules or blocks. An object

1. The use of available resources to achieve a target(the objective), within a specified timeframe. A collection of goals is usually termed as an objective.Policy appraisals and performance appraisals are based on

A standard that is based on factual measurements, in the absence of a biased judgement or analysis. TLD Example: The use of a reasonable person standard to determine whether someone acted negligently

The objective for the formation of the company is stated in the Objects clause. A firm is acting ultra varies or beyond its powers if the firm’s activities breaches this clause.

The balance in the budget account that is unspent, but it is reserved for a previously allocated purpose.

The amount at which transactions such as order placements, buying and selling of goods take place.

A theoretical concept that includes the observer and the measuring device as a part of the entire system or in the system definition.

Property or items that experience a rapid fall in usefulness, value or competitiveness are characterized as being obsolete. It occurs due to the availability of cheaper and better alternatives or due to

The risk that is undertaken on the company’s use of a product that is obsolete.It significantly affects their business and revenues. Technology companies are the most susceptible to this risk.

Items that are utilized as a replacement for other similar items until they are completely used up.

Items that are replaced due to their fall in value or functionality as a result of the availability of cheaper and better stock. They are cleared through the use of significant discounts