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Kinn's Chapter 12

TermDefinition
advance an amount of money or credit furnished in anticipation of repayment
backorder a customer order that cannot be filled when promised or demanded but is filled later
budget The total amount of money that is available to be spent during a specific period of time
discrepancies Differences among conflicting facts, claims, or opinions.
fiscal year any accounting period of 12 months
honorarium payment of professional service
incurred to become liable or subject to.
mitigating to cause to become less harsh or hostile
outsourcing the practice of subcontracting work to an outside company
overhead The ongoing administrative expenses of a business that cannot be attributed to any specific business activity but are still necessary for the business to function (e.g., rent, utilities, insurance).
packing slip a list of items that are included in a shipment
proactive Acting in anticipation of future problems, needs, or changes.
Created by: mrsdancona
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