|accepted quality level (AQL)|
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Definition of accepted quality level (AQL)
accepted quality level (AQL)
the maximum limit for the number of defects or errors in a process
a cost that is caused by a group of things
The degree of assurance that a specified failure rate is not exceeded.
The difference between the actual costs of production, selling and service and the costs that would be incurred if there were no failures during production or usage of products or services.
The tendency of investors to move towards safer, government bonds during periods of high
A technical accounting term that encompasses the
The rules that accountants follow when processing accounting transactions and creating financial reports. The rules are primarily
This important term
Procedures for preparing financial statements.
A common set of standards and procedures
GAAP is the term used to describe the underlying rules basis on which financial statements are normally prepared. This is codified in the Handbook of The Canadian Institute of Chartered Accountants.
Bond with a stream of coupon payments that are the same throughout the life of the bond.
The characteristic of the scheduled principal and interest payments due under a mortgage such that
A premium that remains unchanged throughout the life of a policy
This is a type of insurance for which the cost is distributed evenly over the premium payment period. The premium remains the same from year to year and is more than actual cost of protection in the earlier years of the policy and less than the actual cost of protection in the later years. The excess paid in the early years builds up a reserve to cover the higher cost in the later years.
An itemization of all bill of material components, including
a cost incurred to support the ongoing
A weighted average of prices of all goods and services where the weights are given by total spending on each good or service. Measured by a price index.
process quality yield
the proportion of good units that resulted from the activities expended
product- (or process-) level cost
a cost that is caused by the development, production, or acquisition of specific products or services
all the characteristics of a product or service that
the process of determining that product
a review of product design activities (although
the implementation of all practices and policies
Also called the swap option, the seller's choice of deliverables in Treasury Bond and Treasury
Also called credit spread, the spread between Treasury securities and non-Treasury securities
A price level above which it is supposedly difficult for a security or market to rise.
Single-level bill of material
A list of all components used in a parent item.
A price level below which it is supposedly difficult for a security or market to fall.
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
a cost caused by the production or acquisition
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