Depreciation

The gradual transfer of the initial cost of a fixed asset, from Capital Expenditure, such as an item of machinery, e.g. a ride-on mower, from the Balance Sheet to the Profit and Loss Account.

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  Digital Ecosystem

A distributed and adaptive open socio-technical system.

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  Diminishing Returns

The decrease in the rate of increase of an output due to a specific input.

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  Direct Service Organisation

A term used primarily in the 1990s to describe a local authority department involved with the delivery of a contracted service, such as grounds maintenance work.

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  Directly Employed Labour

A term used primarily in the late 1980s and early 1990s to describe employees of a local authority used for grounds maintenance or other work, especially where tenders had been successfully won by the local authority.

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  Downtime

Non-productive time when a system is not working, equipment is not being used or when staff are resting from work.

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  Eat the Frog Technique

A time management technique which involves starting the day identifying and prioritising tasks.

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  Economy Terms

A range of terms are used when describing an economy and the industries within it and these can help an individual when planning their career development.

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  Effectiveness

The use of resources to produce a desired outcome.

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  Efficiency

The achievement of a desired outcome with a minimum of resource use and effort.

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