NUMERIC RELIABILITY
The probability that an item will fulfill its operations for the duration specified without being spoilt.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The probability that an item will fulfill its operations for the duration specified without being spoilt.
A notification letter from the owner addressed to the contractor stating the date on which the contractor can begin project work. The NTP date marks the beginning of the performance time of
A negative attitude that is used to shoot down constructive suggestions or improvements to a situation.
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
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.
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
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
An operating system that utilizes objects in its user interface or programming language.
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
A theoretical concept that includes the observer and the measuring device as a part of the entire system or in the system definition.
The balance in the budget account that is unspent, but it is reserved for a previously allocated purpose.
The risk that is undertaken on the company’s use of a product that is obsolete.It significantly affects their business and revenues.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.
The noncompliance with the legal system by interfering with (1) the law administration or procedures, (2) not fully disclosing information or falsifying statements, and (3) inflicting damage on an officer, juror or
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
Items that are utilized as a replacement for other similar items until they are completely used up.
The amount at which transactions such as order placements, buying and selling of goods take place.
The ease of manipulation granted by this design method is possible through the representation of files and other operations as data structures.
Diseases or disorders to the health caused due to an involvement in a particular occupation. Reffered to as industrial disease, it causes cancers in workers in the chemical industry, and other such
The agreement that allows the buyer to occupy a property beforethe deal is finalized. This is in consideration with the payment of a specified amount of rent.
The workplace surroundings that encompasses the physical and social environment.