Purchase Order (PO) is a legal document between buyer and supplier. Outlines details of goods/services, quantity, price, payment terms. Provides formal agreement and clear transaction record
AOP is a financial planning tool for anticipating revenue and expenses for the upcoming year. Developed by business owners, senior managers, or department heads. Outlines projected sales revenue, costs, margins, expenses, and net income. Includes cash flow analysis predicting inflows and outflows
G&A expenses are daily business operations costs not related to product sales. Examples include rent, insurance, office supplies, and fixed employee salaries. G&A differs from SG&A, which includes selling expenses
Compound interest earns interest on both principal and accumulated interest. Accounts with compound interest grow faster than simple interest. Interest rates are typically annual, monthly, or daily
Define your ideal future goals and write them down in a journal. Examine your present against your ideal future to identify necessary changes. Leave the past behind and focus on the present to achieve your goals
Expert systems are AI systems mimicking human expertise in specific domains. Knowledge base contains rules, facts, and heuristics created by domain experts. Inference engine applies rules to generate conclusions using forward or backward chaining. User interface provides communication channel between user and system. Explanation module documents reasoning process and conclusions