Tooltip Categories: Economics & Finance

rate of exchange

Rate at which one currency may be converted into another. (source: http://www.investorwords.com/1806/exchange_rate.html#ixzz2ivVQWPJU)

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quality management system

The organizational structure, procedures, processes and resources needed to implement quality management. (source: http://en.wikipedia.org/wiki/Quality_management_system)

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quality standard

ISO 9000’s definition of quality is “degree to which a set of inherent characteristics fulfils requirement”. Quality is a factor of competitiveness of the company.

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quantity

The extent, size, or sum of countable or measurable discrete events, objects, or phenomenon, expressed as a numerical value. (source: http://www.businessdictionary.com/definition/quantity.html#ixzz28PrBWj8d)

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quaternary sector

A knowledge-based part of the economy which typically includes services such as information generation and sharing, information technology, consultation, education, research and development, financial planning,

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quintillon

In the short scale a quintillion is one million million million: 1 000 000 000 000 000 000 (18 zeroes) and a trillion is one

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quotation

The highest bid or lowest ask price available on a security at any given time. (source: http://www.investorwords.com/4017/quotation.html#ixzz2hER2HHEH)

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quote

The last price at which a security or commodity traded, meaning the most recent price on which a buyer and seller agreed and at which

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raffle

A gambling competition in which people obtain numbered tickets, each ticket having the chance of winning a prize. (source: http://en.wikipedia.org/wiki/Raffle)

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quality circle

Volunteer group composed of workers (or even students), usually under the leadership of their supervisor (or an elected team leader), who are trained to identify,

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