Examlex
Casual, even unintentional, acquisition of knowledge is called:
Accounts Payable
Debts of a company reflecting the money owed to lenders or suppliers for products and services acquired on credit.
Inventory
All products and materials that a company holds, aimed at either resale or being incorporated into manufacturing processes.
FOB Shipping Point
A term of sale indicating that the buyer assumes responsibility for shipping costs and risk of loss once the seller has delivered the goods to the shipping carrier.
Sales Discount
A reduction in the price of a product or service offered to customers, typically to prompt early payment or bulk purchases.
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