Category: Q

The use of measurable data to ascertain a risk or loss scenario. By using the quantitative data to determine the risk.

Body of thought that uses classical management theories and behavioural sciences. It uses complex mathematical models.

The mathematical measurement that determines the characteristics of an object.

circumstances, natural or adventitious, which are inherently or legally necessary to render him eligible to fill an ollice or to perform a public duty or function. Thus, the ownership of a freehold estate may be made the qualification of a voter; so the possession of a certain amount of stock in a corporation may be the qualification neces- sary to enable one to serve on its board of directors. Cummings v. Missouri, 4 Wall. 310, 18 L. Ed. 350; People v. Palen, 74 Ilun, 289, 26 N. Y. Supp. 225; Hyde v. State, 52 Miss. 665. Qualification for office is “endowment, or accomplishment that fits for an office; having the legal requisites, endowed with qualities suitable for the purpose.” State v. Seay, 04 Mo. 89, 27 Am. Rep. 200. Also a modification or limitation of terms or language; usually intended by way of re- striction of expressions which, by reason of their generality, would carry a larger mean- ing than was designed.

The amount of a product that is made or ordered. A njmerical amount that measures the objects being ordered and sold.

Lat. When they shall come in. The name of a judgment sometimes given against an executor, especially on a plea of plene administrarit, which empowers the plaintiff to have the benefit of assets which may at any time thereafter come to the hands of the executor. Quando aliquid mandatur, mandatur et omne per quod pervenitur ad illud. 5 Coke, 116. When anything is commauded,

The amount that a consumer creates by demanding an item. The demand for an item will initiate a set quantity of an item be available for purchase.

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The discount that is applied by the retailer or wholesaler when a certain quantity of a product is brought by the one person. The discount will be applied to a one time purchase or event.

The continuing monitoring of all aspects of production from start to finished products. Each step of the process is constantly checked to maintain the efficiency and quality of the processes.