The Pareto analysis as related to inventory control. There are three categories for the items in question. This is based on their revenue generation, turnover, or value. Typically this is done on

A reasoning methodology that uses common facts that are accepted as true and using them to build your argument.

An abnormal or abortive end to a computer program. This system crash is usually caused by a glitch or a memory overload.

1. Human Resource Management: A natural capacity of an individual to complete the task at hand. Refer to the definition of aptitude. 2. Law: The ability to agree and act upon a

A non-biological element that has an affect on the ecosystem. The opposite of a naturally occurring environmental element.

An error in the system or theft that can cause significant reduction in a company’s inventory. The loss exceeds the normal allowable level.

A large amount of inventory waste that may be caused process inefficiency. Eventually this leads to abnormal loss. Abnormal spoilage is another term for this. The same can be applied to computers.

While not an exact term ‘about’ signifies not more or less than 10 percent of the stipulated amount, quantity, or unit price. Refer to the definition of approximately.

This occurs when the economy produces goods at a higher rate than normal. The level of normalcy is decided by the gross domestic product or the GDP. This causes the market to

Risks whose nature is not technically calculatedly. Usually associated with the political climate, market variations, and price fluctuation.

A good or service that is more costly that its competitors.

1. Accounting: a record used to characterize income and expenses required to run a business that affect the profit, but not the capital, of the given company. 2. Advertising: exposure through the

Any amounts that can be garnished from an individuals total income. Examples of this are alimony, child support, or educational costs.

A company who can stay out of debt and economic trouble. This causes them to have a better credit rating and investors see them as well off. They will also be rewarded

A brief written work that manages to keep the meaning and essence of the original version. This term is also spelled as abridgement. Other terms that might help are abstract, digest, outline,

A geographical land considered foreign to the current location of a person or object. This term can apply to overseas and continental differences.

1. To nullify an contract by means of mutual agreement. 2. To officially abolish a law.

On a graph or chart this is the horizontal (X) axis.

A property owner that rents or leaves their property vacant. They have not abandoned it. This individual is considered an absentee owner.

This occurs when an employee consistently is absent from work. Seldom does this individual have a valid reason. However, if valid reasons are given the absence does not qualify as such. Attendance