The Law Dictionary

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

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REALLY SIMPLE SYNDICATION (RSS)

Form of coding that allows information from one site to be displayed on a computer or another webpage as a continuous stream of information. People can subscribe to feeds that interest them.

PROGRAMMED TEXT

Feedback notes based on the basic principles of programmed learning: small steps, self pacing and immediate feedback.

PERFORMANCE APPRAISAL

A method by which a manager, or a third party consultant evaluates and then examines the work of an employee and then makes a comparison with the standards that have been preset.

OVERSHOOT AND COLLAPSE

Activity that occurs when feedback or corrective action is delayed or poor. Most evident in the collapse of economic cycles and social units, when natural resources are exhausted and when an ecosystem

LIVING SPECIFICATION

Focusing on form, fit, and function, this set of flexible requirements are designed to easily fit new products, processes, and more advanced requirements into what currently exists. It promotes continuous quality improvements

MENTORING

An advisor, counselor, or guide to a junior or trainee active in a training system seen often in companies for employees. A senior or more experienced individual is the assigned mentor. Providing

LIMIT ORDER INFORMATION SYSTEM

an electronic system that stores and displays information on limit orders and feeds the data to the specialist display book. Orders that are entered as good, until cancelled, remain in the system

NAPHTHA

Volatile and highly flammable hydrocarbon liquid. Mixtures group member derived from coal tar or petroleum in specific distillation ranges. Contain large aromatic compounds’ proportions. Used mainly as solvents and paint thinners, naphthas

NATURAL GAS

Underground and undersea porous sedimentary rocks are a source of this specific type of hydrocarbon gas, along with crude oil as petroleum. Its mixture is primarily 85 percent methane, 10 percent ethane,

FUNGI

Simple, aerobic organisms. Neither bacteria nor plant. Most are poisonous to humans. Thrive in low moisture, low pH environments. Genetic material is bound in a membrane. Have no roots or leaves; contain

FOLLOW UP

Monitoring an activity to get feedback on it. It is a part of following through.

FOOD CHAIN

How organisms eat in an ecosystem. Each feeds on another to survive. The first link is the producer that all others feed from. It creates a network called food webs that represent

HOMEOSTASIS

The ability of the living things in a system to survive despite changes in a limit. Feedback mechanisms make self regulation possible keeping things balanced.

ENTERPRISE RELATIONSHIP MANAGEMENT

Organized, computerized, periodic analysis of customers, sales, and market data. Computerized analysis trends detect patterns of demand, usage, and service requirements. Patterns are feedback to devise new or improved procedures and policies

DELPHI METHOD

Predicting analysis that uses feedback to make a consensus among experts. It is done anonymously. The issue is circulated and commented on until an agreement is reached. AKA delphi forecasting.

EXPONENTIAL GROWTH

Increasing number or size at a constant rate. It is a possible result of the reinforcing feedback loop. It causes population or system growth.

CONSUMER AWARENESS

The agreement that an individual has rights in regards to a product or service being sold. The safety, choice, information, and feedback are important in this process. It was first declared in

CRUSH SPREAD

A SPREAD in the GRAINS market reflecting the price differential between soybeans (as feedstock) and soybean oil or soybean meal (the two main byproducts); the spread can be traded through a single

CONTINGENT VALUATION

Pricing according to a customer’s response to the product or service. A survey is make to decide if the price should change due to the feedback.