The cost incurred due to the investment of capital in something other than ‘blue chip’ securities.

Income generated with the intention of purchasing assets that will ultimately yield a higher rate of return.

A non-profit fund to help people on low incomes. Provides assistance through education, affordable mortgages, micro-savings and micro-loans.

The likelihood that a loss will be incurred by committing resources to one opportunity, preventing the pursuit of better opportunities in the future.

The wage employers can pay workers under 20 years of age. Although lower than minimum wage, there are several restrictions on its use.

Explicit permission to continue sending marketing information to an individual. Once this permission has been acquired, the individual must generally choose to opt out to stop receiving marketing materials.

Explicit instruction not to send marketing materials to an individual.

The scanning of printed text into characters that a word processor can recognize, removing the need to re-type printed text.

Any system that enables the storage of digitized data on magnetic media (e.g. CDs, DVDs), with database indexing so that data can be retrieved online.

Plastic disks (e.g. CDs, DVDs) used for storing and writing data. These disks can be read and written onto by laser devices.

The best or most valuable, although not necessarily in all circumstances. For instance, the candidate who best satisfies the criteria for a job would be the optimal candidate.

Production level resulting in the lowest cost per unit.

A contract that minimizes costs for all parties involved.

An area in which common currency will improve economic efficiency, based on a theory credited to Robert Mundell.

The manufacturing plant that incurs the lowest overall cost amongst all available alternatives.

The price point at which maximum profits will be achieved.

The solution that best utilizes available resources to achieve the company?s aims. No amount of tinkering will improve such a solution. Such solutions are difficult to ascertain statistically and are normally generated

The largest quantity of instruction a trainee or student can digest, without experiencing some loss of motivation or instructional uptake.

The process of identifying the most efficient or highest quality outcome, given current constraints, by maximizing positive factors and minimizing negative factors.

Production system that takes account of capacity constraints in the production process and does not attempt to continuously operate at full capacity. The aim is not to produce as many units as