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LSDefine

Simple English definitions for legal terms

shrinkage

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A quick definition of shrinkage:

Shrinkage: When things go missing or get damaged, it's called shrinkage. This means there's less of something than there should be. It can happen to things like toys, food, or clothes. Sometimes people take things without paying for them, or things get broken or spoiled. When this happens, the amount of stuff left is smaller than before, and that's called shrinkage.

A more thorough explanation:

Shrinkage is when a business loses inventory due to theft, breakage, or waste. This means that the amount of inventory the business has is reduced.

For example, if a store has 100 shirts in stock but 10 of them are stolen, the store's inventory has shrunk by 10%. Similarly, if a restaurant has a lot of food waste because they over-prepared, their inventory has shrunk because they can no longer sell that wasted food.

Shrinkage can be a big problem for businesses because it means they are losing money and resources. It's important for businesses to take steps to prevent shrinkage, such as installing security cameras or training employees on proper inventory management.

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CynicalOops
15:18
Wait does boston have one of those long ice rinks
CynicalOops
15:18
Those are fun
15:23
what if I started flexing again
15:24
that might be too much
15:33
can we see ur mod badge?
15:41
just for u sweetie pie
15:43
woah so much swagger with dat 'm;
Dkk
15:47
@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.
Dkk
15:48
Indeed, the legendary man himself.
15:49
I would go to blow my back out by the bay boston
15:50
lift with ur back not your legs, its better to have a blown back than two bad legs
CynicalOops
15:53
Blow and back day out by boston bay
15:59
so true
Dkk
16:03
Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.
windyMagician
16:10
is it dumb that I rlly want to go to Mich even tho I have a full ride to umn
16:12
no-value as a consumer often means more than the price
Dkk
16:15
@windyMagician: Nah michigan is better than UMN
Dkk
16:15
My sister just officially graduated, yay!
16:16
awesome @Dkks sister
16:16
prolly named veronica or sarah
windyMagician
16:16
@Dkk: for public defense tho?
windyMagician
16:16
Sarah in the bathroom
texaslawhopefully
16:17
@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.
windyMagician
16:17
fuck okay
windyMagician
16:17
going to my dream school is crazy
michigan also has better options if you do PD for 10 years then want to do something else
windyMagician
16:19
also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?
16:20
would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like
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