Absent without leave.

Refers to the arbitral award made by an arbitrator in an arbitral tribunal on the dispute or difference referred to it by the parties.

Conflict between two equally disagreeable choices.

It is a word in behavioural science relating to conflict management; it means withdrawal or escape from conflict.

A cost, that goes with some activity and which could have been avoided in the absence of that activity, usually superfluous.

Buying materials at a time when there is a lowering of market prices.

It is the arithmetic mean of the absolute deviations from the mean or the median.

The number of hours for which the service of a worker or a machine can be availed of.

Developing a group of employees, who would exercise their good judgment in regard to various features of their work.

Use of automatic/semi automatic devices for storage/retrieval of items.

Doing a job with the help of mechanical equipment. Automatic processing with no or minimum human intervention.

Selling with the help of a vending machine.

The idea of auto-correlation applies to values of the same variable at different time lags.

The type, class, number and amount of shares that a company, by dint of its memorandum of association is allowed to sell.

A retailer who has been granted sole right by a manufacturing company to sell its product/products in a specified area.

The capital stock that a particular business organization has been authorized to sell.

Is the owner’s capital authorized in the memorandum of association of the company and which cannot be exceeded.

The power conferred upon a position/post in an organization.

A style characterised by domineering attitude.

1) Approve officially 2) Sanction.