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GLOSSARY
OF BUSINESS AND FINANCIAL TERMS
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Q
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QUANTUM
MERUIT -
The amount that should be paid as merited by the extent and quality of
the original service performed in contract.
QUICK
RATIO - Current
assets minus inventory, divided by current liabilities. This ratio
measures
how easily a business can raise cash by selling its most liquid assets
to meet its liabilities. Sometimes called acid test ratio.
QUORUM -
The minimum
number of people that must be present at a duly constituted meeting of
an business organization to transact business on behalf of that
organization.
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BACK
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