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Allowances Definition and Explanation PDF | Download eBooks

Learn Allowances definition in supply chain management with explanation to study “What are Allowances”. Study allowances explanation with SCM terms to review supply chain management course for online MBA programs.

Allowances Definition:

  • Term used in work study to indicate the extra time allowed for rest, relaxation and personal needs.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston



Allowances Explanation:

A remittance is a measure of cash given or distributed ordinarily at customary interims for a particular reason. With regards to youngsters, guardians may give a recompense (British English: pocket cash) to their tyke for their incidental individual spending. In the development business it might be a sum apportioned to a particular thing of work as a component of a general contract. The individual giving the stipend is normally attempting to control how or when cash is spent by the beneficiary with the goal that it meets the points of the individual giving the cash. For instance, a stipend by a parent may be propelled to show the tyke cash the executives and might be genuine or be attached to culmination of errands or accomplishment of explicit evaluations. The individual providing the stipend normally determines the reason and may set up controls to ensure that the cash is spent for that reason as it were.

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