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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-[All | Some] banks must return cancelled checks with the monthly statement although most are abandoning this practice.
Preventive Maintenance
Scheduled maintenance on equipment or systems aimed at preventing unexpected failures or extending their life.
Target Costing
A pricing method that involves identifying the desired profit margin and market price, then working backward to determine the maximum cost that can be incurred on a product.
Return on Investment
An indicator for assessing an investment's effectiveness, determined by dividing the net profit by the investment's total cost.
Selling Price
The financial charge to a customer for purchasing a product or service.
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