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| Rack Jobber |
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| A full function merchant wholesaler who sets up and services a particular section of a retail store like magazines and dedicated supermarket space |
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| Real Gross National Product |
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| Inflation-discounted gross national product |
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| Real Time |
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| A computer processing state whereby the transaction acceptance is said to immediately update other associated files thus providing information in the most current state possible |
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| Regulated Industries |
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| Industries in which competition is either limited or eliminated altogether and close government control is substituted for the market controls of free competition |
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| Reminder-Oriented Advertising |
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| An advertising approach that attempt s to keep a product’s name at the forefront to remind customers of the importance or a concept or institution |
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| Remote Terminal |
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| A computer terminal, which is in operation some considerable distance from the main central computer or server |
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| Reserve Requirement |
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| The percentage of a banks cheque and savings accounts that must be kept in the bank or at the local central bank to ensure that a balance is maintained between customers funds paid in and loans paid out and that any extraordinary circumstances do not unduly impact on the parties |
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| Responsibility |
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| The obligation of a subordinate to perform assigned duties |
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| Retailers |
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| Persons or businesses who sell products to individuals for their own use or consumption rather than for re-sale |
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| Return on Equity |
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| A financial ratio that measures company profitability by comparing net income and total owner’s equity to assess the returns that owners are receiving for their overall investment. Calculation: Profit After Tax / Total Equity |
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| Return on Sales |
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| A financial ratio that measures company profitability by comparing net Income and net sales. Calculation: Profit After Tax / Total Sales |
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| Revaluation |
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| An upward adjustment ion the value of a country’s currency |
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| Revenue Tariffs |
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| Tariffs designed to raise funds for the government |
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| Revenues |
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| Funds received by a business from the sale of products and services, sales of assets, interest receipts, dividends, royalties and rent |
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| Revolving Credit Agreement |
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| A guaranteed line of credit |
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| Right-to-Work Laws |
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| State laws that prohibit compulsory union membership |
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| Risk |
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| Uncertainty about loss or injury |
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| Risk Management |
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| The process and techniques that attempt to measure, assess and forecast the amount of risk that maybe incurred on a particular project based on a set of predetermines assumptions and to identify the risk as a percentage in relation to the risk being high or low or certain or uncertain |
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| Robbery Insurance |
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| Insurance coverage for losses due to the unlawful taking of property from another person by force or by threat of force |
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| Robotics |
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| Programmable machines used in the mass production of products that can perform numerous manipulations of materials and tools |
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| Round Lots |
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| Quantities of 100 shares of stock purchased or sold |
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| Routing |
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| A phase of production control that determines the sequence of work throughout a production facility |
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