| A | B |
|---|
| ABC METHOD | A system of classifying stock according to its contribution to company profits; "A" items contribute most, "B" items less, and "C" items least of all. |
| ABC PRINCIPLE | A method used to rank goals in order of importance; goals identified with an "A" are most important, "B" signifies somewhat important, and "C" represents least important |
| ABILITIES | Capacities to perform tasks, functions, etc. |
| ABSOLUTE ADVANTAGE | The advantage achieved when a nation can produce a good or service for less than another nation |
| ABSTRACT | Theories or words that describe things which are not objects and may have different meanings to different people, such as hope or happiness |
| ACCEPTANCE | Approval or tolerance of all people, regardless of their behavior or performance |
| ACCEPTANCE SAMPLING | Inspecting a random sample of products to determine whether to accept or reject the entire batch |
| ACCESSORIES | Goods or services that complement others |
