Qualified Lead

Potential customer deemed likely to convert based on set criteria

Marketing or Sales

Qualified Opinion

Auditor’s statement that financials are fairly presented, with exceptions

Audit or Finance

Qualified Retirement Plan

IRS-approved retirement plan offering tax advantages

HR or Benefits or Tax

Qualified Stock Option

Stock option eligible for favorable tax treatment

Finance or Compensation

Quality Benchmarking

Comparing quality standards to best-in-class examples

Strategy/Operations

Quality Circle

Group of employees who meet to discuss and solve quality problems

HR or Operations

Quality Control (QC)

Inspecting and testing to maintain product standards

Manufacturing or Quality

Quality Management System (QMS)

Formalized system for quality policies and objectives

Operations or Compliance

Quality of Earnings

Assessment of how sustainable and reliable reported earnings are

Finance or Valuation

Quantitative Analysis

Analysis using numerical and statistical techniques

Analytics or Finance

Quantitative Easing (QE)

Central bank policy of increasing money supply to stimulate economy

Economics or Finance

Quantity Discount

Price reduction for purchasing in bulk

Sales or Pricing

Quarantine Inventory

Items isolated due to quality or regulatory concerns

Logistics or Compliance

Quarterly Earnings

Net income reported at the end of a business quarter

Finance or Reporting

Quarterly Report

Financial report issued every three months

Finance or Reporting

Quasi Contract

Obligation imposed by law to prevent unjust enrichment

Legal

Query

Request for information from a database

Data or IT or Analytics

Quick Ratio (Acid-Test)

Liquidity ratio measuring ability to meet short-term liabilities

Finance or Accounting

QuickBooks

Widely used business accounting software

Accounting or Software

Quid Pro Quo

Exchange of goods/services for something of value; often used in legal contexts

Legal or HR

Quorum

Minimum number of members required to conduct official business

Legal or Governance

Quota

Sales target or limit assigned to individuals or teams

Sales or HR

Quotation (Quote)

Stated price or cost estimate for goods or services

Sales or Procurement

Quotation Request (RFQ)

Formal request sent to vendors to submit a price offer

Procurement

Quotation System

Electronic system showing bid/ask prices in financial markets

Finance or Markets