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Glossary

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A quality management system (QMS) is the part of the overall management system that ensures that you can meet or exceed customer expectations for quality in [Read More]

Before the Great Depression of the 1930s, any downturn in economic activity was referred to as a depression. The word recession was subsequently used to differentiate [Read More]

Risk as a business concept denotes a potential negative impact on an asset or a business arising from current processes or any future event. In daily [Read More]

Risk management involves measuring and assessing risk and developing strategies to manage it. Strategies may include avoidance, transfer to another party, reducing possible negative effects, and [Read More]

Rural rapid appraisal (RRA) is a social science approach that emerged in the early 1980s. A multidisciplinary team employs simple, nonstandard methods and the knowledge of [Read More]

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