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Angela used to really enjoy diving for her school team, but at their most recent diving practice she hit her head on the diving board during her last dive. Since then she hasn't attended any of the team practices, and she refuses to dive. In this case, hitting her head on the board acted as
Merchandise
Goods or commodities that a business purchases or manufactures for sale to customers.
Cash Collections
The process of gathering all payments or monies received by the company from its customers against sales or services.
Planning
A phase of the management process whereby objectives are outlined and courses of action determined.
Controlling
A phase in the management process that consists of monitoring the operating results of implemented plans and comparing the actual results with the expected results.
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