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The is a set of ethical guidelines established after WWII to prevent human rights abuse in biomedical research.
Perpetual Inventory System
An inventory management method that continuously updates the count and value of inventory, reflecting additions and subtractions in real-time.
FOB Shipping Point
An Incoterm indicating that the buyer assumes ownership and risk for goods at the point of departure from the seller's shipping location.
Credit Memo
A credit memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under previous transactions, often due to a return or a mistake.
Periodic Inventory System
An inventory tracking method where physical counts are performed at specific intervals to determine the cost of goods sold and ending inventory.
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