Situation where a firm cannot produce any more items from its input. See technical inefficiency .
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TECHNICAL EVALUATION
Studies or tests used to determine and investigate technical suitability of material, equipment, system or processes to gain an objective.
TECHNICAL INDICATOR
Tool of technical analysis to interpret and measure behaviour.
TECHNICAL INEFFICIENCY
Situation where a firm can produce more items from its input. See technical efficiency .
TECHNICAL INFORMATION
Evaluation, engineering and development and research information associated with design, operation, production of machines and equipment, system or process.
TECHNICAL INSPECTION
Visual or instrumental verification to compliance with the specifications.
TECHNICAL MANAGEMENT
Efforts used in deployment of a system or process to balance cost, effectiveness and supportability during its life cycle.
TECHNICAL MANUAL
Document with instructions for operation, installation , use, maintenance, list of parts, support and any requirements for training for effectively using a machine or equipment.
TECHNICAL OBJECTIVE
Goal of development and research requiring completing one or more projects for its completion.
TECHNICAL PROPOSAL
Document listing and defining technical requirements for a project or contract and explains how to approach and formulate the plan to address them.
TECHNICAL REPORT
Documents recording an adopted procedure with the results obtained from technical and scientific investigation .
TECHNICAL REPRESENTATIVE
Trained and technically qualified representative from the manufacturer who will provide assistance in installing, operating and maintaining equipment.
TECHNICAL RESEARCH
Applied research bent toward disciplines of engineering and aimed at the development of test equipment and tools to provide a solution to a certain problem technically.
TECHNICAL RISK
Exposure to a loss coming from activities like design and engineering , manufacturing , test procedures and technical processes.
TECHNICAL SKILL
Skill required to complete a task.
TECHNICAL SUPPORT
Assistance that is user friendly for people with technical problems with any electronic devices.
TECHNICALS
Market trend of short term that is monitored by technical analysts, technicians who attempt predicting future prices of securities and commodities . Also known as technical indicators.
TECHNIQUE
Formula, routine or the systematic procedure to accomplish a task.
TECHNOBABBLE
Incomprehensible technical jargon that only a select group will understand.
TECHNOCRACY
Society that is not a democracy or bureaucracy as the power has moved to scientists, managers and engineers, technocrats.
TECHNOLOGICAL ENVIRONMENT
External factors in technology impacting on operations of business.
TECHNOLOGICAL EXTERNALITIES
Situation economically where function of production is unfavourably or favourably affected by function of production of other coma nixes.
TECHNOLOGICAL OBSOLESCENCE
A service or technical device is not needed and wanted even though it is still working.
TECHNOLOGICAL SUBSTITUTION
Preferring one product over one other because it is superior technologically.
TECHNOLOGY
Information application to design, production and utilization of services and goods and organizing human activities.