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Acceptable Sampling Plan: In quality management, a specific plan that indicates the sampling sizes and the associated acceptance or non-acceptance criteria to be used.
Acceptance Number: In quality management, 1) A number used in acceptance sampling as a cut off at which the lot will be accepted or rejected.
Accelerated Commercial Release Operations Support System (ACROSS): A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week.
This array is then split into three classes called A, B, and C.
The A group represents 10 to 20% by number of items, and 50 to 70% by projected dollar volume.
Absorption Costing: In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production.
The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.
Acceptance Sampling: 1) The process of sampling a portion of goods for inspection rather than examining the entire lot.