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Community-oriented government, a concept that is broader than community policing, seeks to solicit all government resources in an effort to address community problems and issues.
Differential Cost
The difference in total cost between two alternatives, used in decision-making processes.
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period they are incurred.
Discretionary Cost
Costs that are not essential for the operation of a home or business and can be adjusted or eliminated depending on financial circumstances.
Condensed Income Statement
A simplified financial statement that summarizes revenues, costs, and expenses to show a company's net income over a specific period.
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