The power or right to act officially in
certain circumstances as granted in a code or
rule to exercise one's freedom of choice or
professional judgment. See also: Best Interest
Discretionary Fiscal Spending
The elements of
an entity's budget that are not governed by
executive or legislative direction.
A scenario in which identical
goods or services in the same quantities are
offered at different prices to different buyers.
Formal or informal communication
involving an oral or written exchange of
False or malicious accusations
regarding the performance or quality of a
business' good or service.
1. To remove an item of inventory or a capital
asset from an organization in accordance with
disposal and accounting procedures.
2. The disposition of assets or inventory.
All expenses required to dispose
of unwanted items, such as surplus.
1. The estimated value of excess or surplus
property prior to actual disposal.
2. The proceeds obtained from a sale of surplus
Transferring, trading-in, selling, or
destroying goods that are excess property,
surplus property, or scrap.
A contractual disagreement or
misunderstanding between contracting
parties specific to contract provisions or
language. See also: Protest.