1. using the minimum of time or resources necessary for effectiveness

2. a subset of committee members organized for a specific purpose

3. an assistant with power to act when his superior is absent

5. the persons (or committees or departments etc.) who make up a body for the purpose of administering something

6. a master's degree in business

7. conformity with rules or standards

9. a self-constituted organization to promote something

4. the basic structure or features of a system or organization

8. a statement of recent transactions and the resulting balance

10. serving to set in motion

11. government income due to taxation

12. a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English