Income Statement Also known as Profit & Loss Statement, and Statement of Revenue and Expenditures; one of thekey financial stateents providing a financial picture of the operations of a business (Encyclopedic Dictionary of Business Terms)

Incremental Improvement A term used to connote those BPR (Business Process Reengineering) programs which seek to improve the organization's existing business processes through relatively small, ongoing changes, and are not driven by a requirement for radical overhaul of the existing organization or process. (UBC)