Examlex
For a two-sample sign test,count the number of positive and negative difference scores.The larger number is the test statistic.
Cost Of Goods Available
The total cost of inventory that a company has available to sell at any given time, calculated by adding the beginning inventory to the cost of goods purchased or manufactured.
FOB Destination
Freight terms indicating that the seller places the goods free on board to the buyer’s place of business, and the seller pays the freight.
Physical Count
An inventory audit practice where a company manually counts all of its inventory at a certain point in time to verify stock levels and values.
Transit
The process or period of moving goods or people from one place to another.
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