ACCEPTABLE QUALITY LEVEL - AQL
It is a statistical measurement to determine the number of goods that are defective that can be considered as acceptable given a particular output sample size. If the defective goods surpasses the acceptable quality level, then the manufacturers will have to review all production’s parameter in order to determine which areas are the cause of the defects. The use of AQL is important to companies that want to seek a six sigma level of quality control.
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Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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