Examlex
Fuzzy logic is used in refrigerators that set defrosting and cooling times based on usage patterns.
Purchase Requisition
An official request form used within organizations to propose the purchase of specific goods or services.
Purchase Demand
The quantity of goods or services that consumers are willing and able to buy at a given price within a specific time period.
Perpetual Inventory System
An accounting approach that continuously updates inventory records after each transaction, providing a real-time view of inventory levels.
Liability Credited
A credit entry in accounting representing an increase in liabilities, reflecting that a company has received something of value for which it must pay in the future.
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