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A-Z Glossary
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Glossary Definitions
- Rate of Exchange
This is the price of one currency in terms of other currencies and is influence by supply and demand for that currency. - AIB (5th Edition)
- Reachservices
A Government service set up to provide secure and confidential access to public services through the Internet. - Office of the Revenue Commissioners (10th Edition)
- Recruitment and Selection
As changes occur in the level of personnel in an organisation the HR specialist must maintain a supply of personnel to meet requirements. To do this they must go through a process of recruitment and selection. - ILCU (7th Edition)
- Reforestation
Replanting trees in an area where the trees have been harvested. - Coillte (5th Edition)
- Regional Distribution
The government objective of redistributing wealth to the less developed regions of the country. It can take many forms such as industry, location incentives and decentralisation of government departments. - Regional Distributive Effect
Because tourism is characterised by the fact that consumption takes place where the service is available, and tourism activity is particularly concentrated in areas that have a lack of intensive industry base, it is credited with having a regional distributive effect. - Bord Failte (6th Edition)
- Reinforcement advertising
An advertising campaign undertaken by firms with successful products designed to boost public awareness and sales of those same products. - Request for Tender
A document issued to the market, describing in detail the goods and/or services to be supplied, and requesting that interested suppliers should submit a tender (quotation) for the supply of the goods/services. - Department of Education & Science (8th Edition)
- Reserves
Profit that is retained in the Balance Sheet and not distributed as dividends. - CRH (8th Edition)
- Retirement Annuity Contract (RAC)
An individual pension policy which can only be effected by individuals who are in non-pensionable employment or who have taxable earnings from a self-employed trade or profession. Also known as a Personal Pension Plan. - The Pensions Board (11th Edition)
- Return on Investment (ROI)
This is a ratio that shows the return earned by a firm or an initiative on money invested in it. - Bord Failte (6th Edition)
- Rights issue
A rights issue is a way in which a company can raise money by selling new shares. These newly issued shares are offered to existing shareholders in proportion to their current shareholding at a discount from the price at which they will be offered to the public later. - CRH (13th edition)
- Risk
A risk is the likelihood, great or small, that someone will be harmed by the hazard together with the severity of harm suffered by the injured person. - Health and Safety Authority (8th edition) | Health & Safety Board, Health and Safety Authority (5th Edition)
- Risk management
A business recognising its main loss or injury potentials and putting in place measures or strategies to avoid or minimise these factors. - Hibernian (10th Edition)
