Examlex
The price elasticity of supply is calculated as the change in supply divided by the change in price.
Perpetual Inventory Method
An inventory management method where stock levels are updated in real-time with each sale or purchase transaction.
Petty Cash Fund
Petty cash fund is a small amount of cash kept on hand for making immediate payments for minor and incidental expenses.
Perpetual Inventory System
An inventory management system where inventory levels are updated in real-time or on a continuous basis following each purchase or sale transaction.
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