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

BATCH

1.the goods produced in a single run. 2. data treated as a unit in a procedure.

BATCH LOT

The quality possible under uniform conditions in the operations process.

BATCH SIZE

How many products can be made. It is used in inventory calculation.

BAUD (BD)

An old way digital speed was measured. The new way is bits per second. It was named after J M E Baudot.

BAUM

The denisty scale on hydrometer. It is applied to heavier and lighter than water solutions. It was named after Antione Bauma who invented the scale in 1800.

BAYES’ THEOREM

A way to predict when an event will occur based on another event happening or not happening. It was named after Thomas Bayes a probability researcher.

BEAM

A structural member that crosses supports and carries load vertically. The three types are simple, continuous, and cantilever.

BEAR STEARNS

A bank that closed in New York. It was a global investor before 2008. JP morgan chase bought them out.

BEAUFORT SCALE

A scale for wind speed. It starts at 0 and ends at 12. Waves are observed to detect speed. Its named after Sir Francis Beaufort.

BEAUTY PARADE

1.when a business choice is made on apperance not facts. 2. a parade of presenters who bid on a job. Their credentials are used to represent them first. Cost estimates and solutions

BED AND BREAKFAST DEAL

In the UK this is when a holder sells late at night on the end of the financial year. They buy it back the next morning to keep the portfolio going. It

BED AND BREAKFASTING

In the UK markets, the practice of selling COMMON STOCK of a company on one day and repurchasing it the following day in order to establish a gain or loss for tax

BED NIGHT

The way hotels measure occupancy. It is one person per bed per night.

BEDROOM COMMUNITY

When a residential area is full of commuters. They work somewhere else and simply sleep at their homes.

BEHAVIORAL DATA

Information used to market. Refer to attidudinal data and demographic data.

BEHAVIORAL SCHOOL OF MANAGEMENT

The idea that psychological methods work better as motivation. Refer to contingency school of management, quantitative school of management, and systems school of management.

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