Rangeland Ecology & Management
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Partial Budgeting (rangelands)
A limited budgeting procedure used to evaluate a proposed investment in an existing earning enterprise requiring only that additional costs and returns associated with the investment be considered; results often expressed in terms of an internal rate of return.
Source
Society for Range Management. 1998. Glossary of terms used in range management, fourth edition. Edited by the Glossary Update Task Group, Thomas E. Bedell, Chairman. Used with permission.