Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MEAN DEVIATION

Defined as the average of the absolute differences of each value in a set of values to the average of all the values in that set. Absolute differences is the difference between

MEAN TIME BETWEEN FAILURES (MTBF)

The reliability of repairable items quantified as a basic measure. For computers, MTBF is called power on hours (POH). Duty cycles, time cycles, distance, events, and the like are known as life

MEANS ENDS ANALYSIS (MEA)

The overall goal is decomposed into objectives, Each objective is then decomposed into individual steps or actions. This is applying systems thinking to planning. The concept that ‘every attainable end leads up

MEASURES

1. Act of taking measurements, using meaningful standardized units to quantify values. For example, one measures dimensions to quantify length, width, weight, mass, and the like. 2. Calculated actions taken to remedy

MEASURED DAY WORK (MDW)

As an alternative to incentive payment or pay-for-results schemes, production standard or quota is used. In return for quantity and quality workers receive a regular, guaranteed pay rate. It is based on

MEAN

The average of values or quantities. Known also as simple average or arithmetic average. Compute an average as the sum of all value amounts divided by the number of values tallied. For

MEDIA

1. News, entertainment, education, data, and promotional messages are sent world-wide through this type of communication channels. Every broadcasting and narrow casting medium, like newspapers, magazines, TV, radio, billboards, direct mail, telephone,

MEDICAL EXAMINATION

Conducted by a doctor acting as the insured’s agent, a prospective insured receives this type of physical evaluation.

MEDICAL DISASTER

In the wake of a disastrous event, its health care system is overwhelmed, resulting in so many needy that the general health level of a community or society declines gradually or sharply.

MEDIA RATE

1. In Advertising, billboards, online ads, newspaper inserts, and the like as different types of advertising media that have this specific type of standard rates. 2. In the U.S. Mail, books, films

MEDICAL PRACTITIONER

Upon meeting the specified requirements, as a health professional this specific type of individual is accredited, licensed, and/or registered.

MEALS AND ENTERTAINMENT EXPENSE

Meals and entertainment directly related to business operation are this paid amount, for income tax purposes. The IRS allowance for a business to deduct meals and entertainment expenses from its income is

MEDICALLY NECESSARY

If not carried out the patient’s situation could worsen. For a patient’s treatment found to be necessary is this specific type of procedure or treatment.

MEDICAL SAVINGS ACCOUNT

Derived from a portion of the employee’s premium payments, employer contributions make up this specific type of account. With the remainder eligible for cash withdrawal, the employee pays for any medical expenses

M-COMMERCE

Using mobile communication devices like cell phones or personal digital assistants (PDA) to transact electronic commerce, ecommerce.

MATERIAL FACT

Crucial to the interpretation of a phenomenon or a subject matter, or to the determination of an issue at hand this is a specific type of confirmed or validated event, item of

MARGINAL PRODUCTIVITY

With all other factors remaining constant, this is the resulting output change from altering, by one unit, the labor input.

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