Cutoffs

Cutoffs refer to the defined limits or criteria established for termination, selection, or exclusion based on specific metrics. These criteria can apply in various contexts such as academic performance, financial thresholds, deadline dates for applications, or inventory management. Essentially, cutoffs serve as benchmarks to determine eligibility or necessity in processes ranging from education to business operations.

Cutoffs meaning with examples

• The college set a cutoff score for SAT results, making it crucial for applicants to meet this standard in order to qualify for the upcoming admissions cycle. Those who achieved below this benchmark were advised to consider retaking the test to enhance their prospects.
• In finance, the firm implemented cutoffs for expense reimbursements, ensuring that only those transactions above a certain amount were considered for approval. This helped streamline the accounting process while also minimizing fraudulent claims.
• During the hiring period, the HR department established cutoffs based on candidates' qualifications and experience levels. They informed applicants that only those who met or exceeded these standards would proceed to the interview phase.
• The annual sale had cutoffs for discounts, where items above a certain price point qualified for additional markdowns. Shoppers quickly learned to calculate their totals to maximize their savings before the sale ended.