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What are the various cost-containment strategies used in organizations?
Gift Causa Mortis
A gift made by a person in contemplation of imminent death, which becomes effective only upon the death of the donor.
Consignment
An arrangement where goods are placed in the care of another, but ownership remains with the supplier until the goods are sold.
Bailor
An individual who entrusts their property into the care of another (the bailee).
Bailment
The legal relationship arising when one person (the bailor) gives possession of an object to another person (the bailee) under the agreement that it will be returned or otherwise disposed of according to the direction of the bailor.
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