Kanban | The Japanese name for a just-in-time inventory process. |
Keogh Plan (H.R.10 Plan) | Allows self-employed individuals to establish an individualized pension plan. |
Key | A field that uniquely identifies which person, thing, or event the record is related to. |
Kilobyte | One thousand bytes. |
Kilohertz (Khz) | One thousand cycles per second, a measure of frequency. |
Kinked Demand Curve | A curve that illustrates; if one firm cuts its prices, other firms in the industry will cut theirs as well, but if the firm raises its prices, other firms will not change theirs. |
Kiting | 1. A commercial banking term applied to depositors who draw checks against deposits which have not had time to clear through the bank; 2. To illegally alter the face amount of a check from a smaller amount to a larger sum. |
Knowledge | The combination of instincts, ideas, rules, and procedures that guide actions and decisions. |
Knowledge Based | The part of an expert system consisting of facts and rules supplied by an expert. |
Knowledge Based Manufacturing | Manufacturing assisted by the systems referred to as “knowledge based systems” which apply problem solving capabilities (artificial intelligence) to engineering automation perspectives. |
Knowledge Based System | A system in which knowledge is represented in an explicit form for direct use in a problem-solving process. |
Knowledge Engineer | A consultant who helps an expert produce the knowledge base for an expert system. |
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