acceptance sampling plan
Definition
An inspection of a product or service that determines whether or not the product will be accepted. For example, a furniture manufacturer would use an acceptance sampling plan to make acceptance decisions related to the type and quality of wood and similar raw materials they purchase for inclusion into their finished products.
Related Articles
- Keoghs and Their Distribution Options *
- Irrevocable Trusts *
- The Importance of Saving and How Much To Set Aside *
- Explanation of the Major Factors Affecting Your Tax Returns *
- Analyzing Investments and Recording Transactions *
- "Bear Spread" Stock Option Investment Strategy *
- An Explanation of REITs *
- Introduction to Stock Exchanges and the NYSE *
Related Videos
http://www.businessdictionary.com/definition/acceptance-sampling-plan.html


