Permanent Memory, Permit, Perpetual Inventory, Perquisite Perk




Permanent Memory, Permit, Perpetual Inventory, Perquisite Perk :




Permanent Memory : a medium of storage such as a computer disk whose memory is not lost in the event of a power failure



Permit : A license or a permission given in writing to do some kind of business or for constructing the building



Perpetual Inventory : A system in which every single entry of goods transferred and removed from inventory is recorded. Sometimes goods in transit are also taken into account. This kind of system is taken into account when the stock of inventory and stock of order falls below a certain level. Periodically the book inventory is confirmed or adjusted by a physical count of the stock on hand.



Perquisite Perk : A privilege given to a person in a specified position such as company car or house




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