#definepedia

[definepedia]

LIFO method assumes that the last items acquired are the first items sold, therefore cost of goods sold is based on most recent costs incurred, it is used to reflect current costs and minimize inflation impact on cost of goods sold and ending inventory value. - Definepedia

[definepedia]

The static budget variance is a way for a company to see how much its budget at the start of a period differs from the final results. By comparing the two budgets, a business can understand how well it did and make adjustments for future periods.

[definepedia]

Wage garnishment is a process that involves an employer withholding a part of an employee's earnings to repay a debt that the employee owns.

[definepedia]

Bilingual education refers to the teaching of academic content in two languages, a native language, and a second language. Varying amounts of each language are use depending on the outcome goal of the model.

[definepedia]

"Kaizen is the practice of continuous improvement of processes in manufacturing, engineering, and business management. It has been applied in healthcare, psychotherapy, life-coaching, government, and banking." - Masaaki Imai

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"Work study is a generic term for those techniques particularly Method Study and Work Measurement which are used in the examination of work in all its contexts and which leads systematically to the investigation of all the factors which affect the efficiency and economy of the situation being reviewed in order to incorporate improvements at various levels."

[definepedia]

The history of trade and commerce in India dates back to ancient times when the Indus Valley Civilization had vast trade networks. During the Vedic period, the country known to export spices, textiles, and jewelry to other parts of the world.