QUALITY CIRCLE Definition

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QUALITY CIRCLE is a volunteer group composed of workers, sometimes students, with the stated goal to improve processes or product quality through analyses leading to process or design changes that reduce costs or enhance quality of the finished product.

Learn new Accounting Terms

UNDERBUDGETED is a line item within a budget to where the budgeted amount is not sufficient to cover the actual amount.

FINISHED GOODS INVENTORY (FGI) is that portion of goods in inventory which have completed manufacture and are available for sale.

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