RANK AND CUT
\ɹˈaŋk and kˈʌt], \ɹˈaŋk and kˈʌt], \ɹ_ˈa_ŋ_k a_n_d k_ˈʌ_t]\
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A method of decision making that ranks the importance of each project. They are ranked by a set of criteria such as cash flow, risk factors, capital appreciation. The allocation of capital for production is given to the highest ranking item.
By Henry Campbell Black
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].