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Request for Tender (RFT)
A Request for Tender (RFT) is a formal, structured bid solicitation for the supply of goods and for services. The majority of RFTs are published by the government sector, but companies in the infrastructure and utilities sectors may also publish ...
Request for Quote (RFQ)
A Request for Quote (RFQ) is used to solicit bids for commercial goods and/or services from one or more suppliers. Because of its abbreviated nature, an RFQ may not contain all of the terms and conditions that are typically used to form a contract.
Request for Proposal (RFP)
A Request for Proposal (RFP) is a form of bid solicitation that is used when the bidder selection is based on best value, rather than on price alone. It is submitted early in the procurement cycle, either at the preliminary study or procurement ...
Router
A device used for connecting two Local Area Networks (LANs); a device that passes traffic back and forth. You likely have a home router. It’s that router’s job to pass outgoing traffic from your local devices to the Internet, and to pass incoming ...
Risk Management
Risk management is the application of principles to manage the risks in a business that come with the ownership, involvement, operation, influence, adoption and use of IT in an organization. Related Terms Risk Assessment
Risk Assessment
A risk assessment is the combined effort of identifying and analyzing potential events that may negatively impact a business. Risk assessments help guide an organization in making rational decisions to improve their security posture and align risk ...
Remote Monitoring and Management (RMM)
Remote monitoring and management is the process of supervising and controlling IT systems by using locally installed agents that can be accessed by a managed IT service provider.
Remote Login
An interactive connection from your desktop computer over a network or telephone lines to a computer in another location (remote site). Related Terms Remote Desktop
Remote Desktop
A Windows feature that allows you to have access to a Windows session from another computer in a different location. Related Terms Remote Login
Recovery Time Objective (RTO)
Recovery Time Objective (RTO) represents the amount of time an application can be down and not result in significant damage to a business and the time that it takes for the system to go from loss to recovery.
Recovery Point Objective (RPO)
Recovery Point Objective (RPO) is an important part of an IT Disaster Recovery plan and describes a period of time in which business operations must be restored following a disruptive event, such as a cyberattack, natural disaster or communications ...
Ransomware
Ransomware is a type of malicious software, or malware, designed to deny access to a computer system or data until a ransom is paid. Ransomware typically spreads through phishing emails or by unknowingly visiting an infected website.
RAM
Random Access Memory provides space for your computer to read and write data so that the CPU can find it quickly and easily. When people refer to memory upgrades they are usually talking about RAM.
Return on Investment (ROI)
A calculation of the monetary value of an investment versus its cost. The mathematical formula is: (profit minus cost) / cost. Example If you made $10,000 from a $1,000 effort, your return on investment (ROI) would be 0.9, or 90%. ROI is often used ...
Responsive Web Design
An approach to website design that enables a single page to be displayed comfortably whether it’s on a phone, tablet, or desktop. Sites that use responsive web design first evaluate the type of device and its screen size. Then with the help of CSS, ...
Robots.txt
A file placed on a web server that gives instructions to search engine crawlers, which are the robots that index web pages for search engines. Robots.txt files tell web crawlers what they should include in their index—and what they should ignore. ...
Referral
When a website sends traffic to another website. Tracking referrals can help you understand how people find your website without using a search engine. For example, if you put links to your website in your social media posts on Facebook and Twitter, ...
Return on Ad Spend (ROAS)
The ratio of the amount of Revenue generated by an ad campaign to its cost. Example If you generated $10,000 from a campaign that cost $1,000, your return on ad spend (ROAS) would be 10:1. While similar to return on investment (ROI), ROAS is more ...
Redirect
Sending a user to a different web page than the one they requested with a URL. Redirects send readers to a new page if content has been moved or an older page has been deleted. This helps prevent 404 errors. They can allow people to type in short, ...
Revenue
The income from operating and non-operating activities of a business like sale of goods or services, interest income, etc is known as the revenue for a business. Revenues help to increase the value of Assets and decrease the value of liabilities in a ...
Retained Earnings
All the profits and losses are appropriated at the end of the year. Some of the profits or losses may be carried forward to the next year as Reserve and Surplus to meet contingencies. These are also known as Retained Earnings. Example For example, ...
Recurring Journal
Recurring Journal is an accounting entry which is repeated periodically in some cases. Recurring journals is required for recording transactions like salary, amortization, recurring purchases, recurring sales etc., The same entries with the same ...
Reconciliation
Reconciliation is the process of comparing a bank statement with the bank ledger (chart of account) entries to correct any discrepancy in the book of accounts. All the companies perform reconciliation to ensure that the accounting is in line with the ...