COST REDUCTION Definition

Bookmark and Share

COST REDUCTION is actions taken in the present designed to decrease costs in the present. See COST AVOIDANCE.

Learn new Accounting Terms

STOP-OR-GO SAMPLING is taking a sample from a population and checking after each sample item is drawn whether the sample supports a desired conclusion. Sampling ceases as soon as that conclusion is supported.

IMAGE PROCESSING SYSTEMS scan documents into electronic images for storage. Reference and source documents should not be retained after conversion.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.