A mismatch between the skills that
employers require for a job position and the
skills an employee or applicant possesses.
Slap and Ship
The placing of buyer-required
radio frequency identification (RFID) tags on
cases or pallets just prior to shipment.
An independently owned firm,
corporation, or establishment, having a small
number of employees, low volume of sales,
small amount of assets, and limited impact on
Small Business Act
A 1999 law that establishes
the U.S. federal government’s responsibility to
aid, counsel, assist, and promote the interests
of small businesses (as defined by the Small
Business Administration), and to place with
such businesses a fair proportion of U.S.
federal government purchases and contracts
for goods and services.
Small Business Administration (SBA)
independent agency of the federal
government that offers managerial and
financial assistance to small businesses. The
SBA mission is to maintain and strengthen the
nation’s economy by aiding, counseling, and
assisting the interests of small businesses.
Small Disadvantaged Business
A business that
is at least 51% owned and controlled by
individual(s) who are economically and
socially disadvantaged; the business must
also meet the definition of a small business
as defined by the U.S. Small Business
Association. See also: Historically
Underutilized Business (HUB), Minority-Owned
Business Enterprise (MBE), Woman-Owned
Business Enterprise (WBE), Economically
Any procurement not exceeding
a given upper monetary limit, as established
by law, regulation, executive order, etc.
Usually applies to purchases of small dollar
amounts under a certain monetary threshold.
Smart Card (Smartcard)
A physical card
embedded with an integrated microprocessor
chip that acts as a security token and is used
for financial transactions.