Examlex
Parallel is defined as:
Surplus Material
Materials that exceed the requirements of the production process, often resulting in excess inventory.
Purchased Lots
Refers to the buying of assets or commodities in bulk quantities, often for manufacturing or resale purposes.
Relevant Cost
Costs that differ between alternatives in a decision-making process, and therefore, should be considered when evaluating those alternatives.
Avoidable Costs
Expenses that can be eliminated if a particular decision is made, such as discontinuing a product or service.
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