Root Cause Analysis

Band-Aid Treatment
A Band-Aid treatment refers to addressing only the symptoms of a problem rather than focusing on the underlying cause. This approach often provides a temporary fix but not a long-term solution.
Failure Analysis
Failure analysis is the systematic examination of a function, project, or relationship that did not meet its objectives to identify the reasons for the failure and implement corrective measures for future success.
Troubleshooter
A troubleshooter is a person with specialized skills in identifying and solving issues within an organization. They are often employed to resolve technical or operational problems efficiently.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.