A choice or feature added to the good or service offered to the customer for customizing the end product. An accessory enhances
the capabilities of the product but is not necessary for the basic function of the product. In many companies, an accessory means
that the choice does not have to be specified before shipment but can be added at a later date. In other companies, this choice must
be made before shipment. See: feature.
The application of basic scientific and technical principles including education and training for the detection, analysis, and
minimization of hazards, with the objective of avoiding accidents.
The physiological, emotional, and behavioral adjustment to changes in the environment. Proper performance depends on adequate
acclimatization to the workplace, including significant mechanical features such as seat height and lighting. Heat, cold, humidity,
and light are important physiologically.
Being answerable for but not necessarily personally charged with doing the work. Accountability cannot be delegated, but it can be shared.
The function of maintaining, analyzing, and explaining the financial records and status of an organization.
A manager who has direct responsibility for a customer's interest.
The value of goods and services acquired for which payment has not yet been made.
The value of goods shipped or services rendered to a customer on which payment has not yet been received. Usually includes an
allowance for bad debts.
Certification by a recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service,
operational group, or individual to provide the specific service or operation needed. For example, the Registrar Accreditation
Board accredits those organizations that register companies to the ISO 9000 Series Standards.
A place, usually a physical location, used to accumulate all components that go into an assembly before the assembly is sent out to
the assembly floor. Syn: assembly bin.
The degree of freedom from error or the degree of conformity to a standard. Accuracy is different from precision. For example,
four-significant-digit numbers are less precise than six-significant-digit numbers; however, a properly computed four-significant-
digit number might be more accurate than an improperly computed six-significant-digit number.
acid test ratio also quick asset ratio
Syn: quick asset ratio.
A communication by a supplier to advise a purchaser that a purchase order has been received. It usually implies acceptance of the
order by the supplier.
The cost required to obtain one or more units of an item. It is order quantity times unit cost. See: ordering cost.