Intelligent Trial and Error

Heuristic
A heuristic is a strategy or method employed to solve problems more quickly when classic methods are too slow or fail to find an exact solution. It utilizes intelligent trial and error tactics and is often contrasted with algorithmic solutions, which are clearly defined, step-by-step procedures that guarantee a correct outcome.

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.