Business Terms and Jargon Explained

What is Shrinkage

This is loss of goods through shoplifting and other types of stealing within a business. This should be a very small amount and management strives to reduce this to zero. In some industry e.g. retail, it is realistic in large operations to cater for a very small percentage.

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Sub-Division Legal Services Ombudsman NDA
Solvency Res Applet
Exempt Supply Golden Parachutes Functional Fexibility
Petty Cash Recorder Suppressio veri
Wealth management NIDAC PLC
BYOD Tolar Identity Theft
Declaration Date Digital Certificate Zero rated
Pegging Merit Good E.C.B
DLL Financial Intermediary Faucet
Multicurrency Audit Trail PLN
Pro tanto Forward Rate Rainmaker
Pensions Ombudsman Competitor Dollar voting

Term created / updated 2006-11-01 23:40:30

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