Examlex
Why are standards important?
Purchase Order
A commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
Decentralized
A system or organization where decision-making authority is distributed among various levels rather than being concentrated at a single point.
Capitalized
The process of recording an expenditure as an asset on the balance sheet, rather than as an expense on the income statement, allowing for depreciation over time.
Amortized
The process of gradually reducing a debt through regular payments over a period.
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