Evaluation of the detail workings of a function and its potential or actual results. A problem-solving method. Functional decomposition down to code occurs to reach the level needed to solve […]

1. Grouping of individuals in the organization , on the basis of the business work each performs. 2. Grouping of activities or processes based on their need to accomplish one […]

A means to evaluate performance , determine status quo, determine organizational stability. An accounting method using organizational units to measure outcomes, statistical standards and benchmarks.

Establishing a baseline by comparing specific business functions in the same industry using two or more organizations

Typifying fixed expenses by repeatable process.

Business accessibility to money for its operations.

Grouping a mixture of varied items into classified or typified sets based on what each does. Also the action of identifying greater detail of actions in a process. Each level […]

term in taxation where a property lessens in value and is taxed less.

Reduced productivity of a capital asset due to obsolescence . Decreased capability and throughput of an asset.

In medical jurisprudence . One which prevents, obstructs, orinterferes with the due performance of its special functions by any organ of the body,without anatomical defect or abnormality In the organ […]

Expected results from a process are not achieved due to something going wrong.

The ability of company organizations to be multi-functional, able to move employees to other duties or responsibilities within the company. Ability to adapt to changing conditions and requirements . Training, […]

Ability to separate components or parts of a circuit or system. Intent is to protect as much of the associated circuit or system from a failure or malfunction in another […]

On the basis of type of work performed , arranging of an organization into managed departments or units.

Device or equipment usefulness degradation . A relatively new computer is functionally obsolete if it is unable to run the latest program or peripheral the user needs. Design defect or […]

The classic organizational structure . Hierarchically grouped employees, clear line management authority, and upward reporting to the single top leader. Downward hierarchy, with one top person, distinct lines of reporting, […]

Functional activity categorized by purpose.

Another name for business process improvement .

Authorized third-party oversight required by government. Typically, financial services companies receive this oversight. Intent is proven compliance by managed operations to prudent and fair-mannered processes.

Organizational plan for functional areas such as human resources, marketing, R&D, MIS. Other corporate and business strategies are supported by each org plan, customized to its sector and industry.

Assurance a product or part meets all performance and material requirements . Confirmation dynamically by peer review or statically by approved scripts and cases. A process of quality control.

Grouping equipment by function like machining vs. welding vs. finishing. Contrast to grouping by the sequence of operations performed, like on a manufacturing line in an auto factory.

A public officer or em- ploy

Lat Having fulfilled the function, discharged the office, or accomplished the purpose, and therefore of no further force or authority. Applied to an officer whose term has expired, and who […]

v. To capitalize with a view to the production of interest. Stephen v. Mil- nor,24 N. J. Eq. 376. Also, to put into the form of bonds, stocks, or other […]