Category: N

A model used to evaluate change or performance, it searches for alternative answers to the question, “what’s going on?”. As such, it attempts to provide a standard of how things or tasks ought to be done.

The best possible buyor sell order for securities wherin the broker is not held liable due to a failure to obtain the best possible price. The order is used as a substitute for the limiting only when it is permitted by the securities exchange concerned.

The indeterminability of the correctness or wrongness of an opinion or value judgement.

An item that is mentioned in the contract only for reference purposes and as such has no bearing or relation to the contract.

In English law. The title of the third of the three kings-at-arms, or pro- vincial heralds.

When members of a community unite together to oppose the establishment that is not desired due to the hazardous nature of their activities, and sometimes against the establishment of institutions such as hospitals and school, due to a fear of being subject to the negative effects of having such an establishment in the neigbourhood.

A term collectively used to refer to developed countries, most of whom are located to the north of developing countries(also known as the south)

A negative attitude that is used to shoot down constructive suggestions or improvements to a situation.

A treaty between Canada, the US and Mexico that was legislated in 1994, which removes tariffs and other barriers to facilitate easy trade between these countries. It lasts between five and ten years. In comparison to the EU, NAFTA has a higher output that is based on a smaller population. The NAFTA also accounts for environmental, health and natural resource concerns.

The classification of group industries into 20 sectors, which are further classified into 1,170 industries based on the establishment type. The identification is through the assignment of a 6 digit code. For example, manufactured goods have a code that ranges from 31 to 33.