Examlex
A small business is defined by the U.S. Small Business Administration as employing fewer than
Operating Expenses
Costs associated with running a business's day-to-day operations, excluding costs related to producing goods or services.
Inventory System
A system for tracking a company's goods and materials, managing the process of ordering, storing, and using the company's inventory.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.
Perpetual
A method of inventory management where updates are made continuously as transactions occur.
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