Reviewing a parties confidential and public information to investigate their history. This done during the hiring process to clear employees with a criminal history and confirm information given. The government uses them

A job a computer does while the user is busy with another.

The radiation made by the stars and certain elements like radon.

A nonsignificant variable in a calculation or experiment. It has no effect on the outcome.

A review of a companies financial status and holdings. When printed its called a backgrounder sheet or a fact sheet.

1. the way back for a vehicle. A truck can either have a paying load or nonpaying load. 2. any shipment that is sent when on a vehicle on its return trip.

A situation where a MARKET MAKER refuses to perform on a quoted BID, generally in contravention of formal or informal marketmaking rules conveyed through AFFIRMATIVE OBLIGATIONS.

The titles a publisher has that are not on the current list but hidden in the back of a catalog.

A load carried by a truck that is does not pay.

A contract where more charges or profits are earned at the end of the contract.

The value of orders that are not yet filled or the undone jobs on any day. This shows that there is area for growth in teh company. AKA open order.

The negative effect that pending work puts on operations. When one element of the system is not available it holds up production.

An order that has to be filled later. The customer knows this and will wait. It is an important figure for customer services and inventory management.

An OPTION strategy designed to take advantage of VOLATILITY. A LONG back spread is created through the sale of a smaller quantity of closertothemoney PUT OPTIONS or CALL OPTIONS and the purchase

The process of determining the validity of a VALUE ATRISK model by comparing actual profit and loss experience with results predicted by the model. The process is also applicable in investment management,

1. another resource used to make sure an activity can go on. Or a project that is done if a primary one cannot be done. 2. saving data on disk that are

Making a chart starting with the result and going backwards to make subprocesses. The goal is to create output at a specific level of quality.

When newer software can work with the older version. AKA downward compatibility. Refer to upward compatibility.

When a scenario is built on an imagined future and works backward to see what is needed to get there. Refer to future backward and future forward.

When the consumer of materials buys suppliers or makes their own to cut costs.