CONVENTION is an agreement, principle or statement expressed or implied that is used to solve given types of problems. Conventions allow a standardized approach to problem solving and behavior in certain situations. For example, placing debits on the right and credits on the left of an account is termed an accounting convention.
RELEVANT RANGE is the range of activity over which changes in cost are of interest to management
AD HOC is being concerned with a particular end or purpose, e.g., a ad hoc committee established to handle a specific subject.
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