self-contained departments defining the business or industry structure. Each department manager control over department’s affairs and employees. Accountability goes upwards from the bottom along the chain of command , while […]

An organization ‘s chain-of-command job position accountable for the organization’s resources decisions to generate revenue and achieve organizational objectives. Also refer to line and staff management .

Repetitive manufacturing process with the same operations sequence each product passes through. The machines and peripheral equipment are in the order they are used. The process is not stopped and […]

Customs approved system for tracking and release of repetitive, low risk shipments. It is restricted to locations approved by Customs. Bar code technology enables immediate item entry that Customs declares […]

In Insurance, this is a schedule listing liability limits an insurer can write for different risks. It is a guide to determine the limit of liability ceding insurance companies will […]

A broker-written document describing a prospective risk that is given to underwriters. the decide on their willingness to insure what fraction of risk described.

Screws, washers, nuts and bolts do not merit piece by piece costing, being of such low value, yet, are identified as common parts or components of a product.

Lat. A line; line of descent. See LINE.

Race; progeny ; family, ascending or descending. Lockett v. Lockett, 94 Ky. 289, 22 S. W. 224.

That which comes in a line; especially a direct line , as from father to son. Collateral relationship is not called “lineal,” though the expression “collateral line,” is not unusual.

the term used to describe the blood relationship existing between people who descend in a straight line such as son, father, grandfather .

the term applied to direct line such as grandfather , son, grandson and is important when a person dies without leaving a will.

A mathematical equation with only one independent variable, whose solution graph plots a straight line, expressed mathematically as (y = a + bx). Also known as linear equation.

An asset that provides payoff. Refer to nonlinear instrument .

A straight line movement of goods from one end of the supply chain to the other in a traditional distribution channel.

Mathematical computer modeling simulation technique. Calculated the best solutions for allocating energy, machines, materials, money, personnel, space, time, as limited resources to achieve maximum profit or minimum cost. Applies only […]

Mathematical technique that uses scatter graph data points to find the best fit of a straight line as a linear function . Reason for this effort is to project future […]

A Statistical term. Defines the relationship of direct proportionality between two variables, expressed by a linear functions, graph plots a straight line, when one variable changes the other variable must […]

1. Un-natural, mostly theoretical property of ordered systems and straight lines, characterized by ‘ good behavior ,’ predictability, and simple proportions. It is not a common feature of the natural […]

Long distance cargo transport for more than 1,500 kilometers or 1,000 miles between two major cities or ports.

1. A scheduled service between fixed ports on a trade route by such a cargo and/or passenger transport shipping line operations. 2. Material placed between two other materials to serve […]

Scheduled cargo and/or passenger service on a specific trade route under set rates and terms under this type of agreement among two or more shipping companies. Also known as shipping […]

A conference carrier provides this scheduled service.

In a surplus treaty a reinsurer agrees to accept this amount.

A half-tone screen’s horizontal and vertical line or wires count. More lines means a finer screen, smaller dot sizes for printers or smaller pixel sizes for monitors.