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Meaning of stocktaking

stock•tak•ing

Pronunciation: (stok'tā"king), [key]
— n.
  1. the examination or counting over of materials or goods on hand, as in a stockroom or store.
  2. the act of appraising a present situation, condition, degree of progress, etc., in terms of accomplishments and ultimate goals.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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