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Political activity that is centered on the allocation of resources to the different functions may limit the effective use of cross-functional teams.
60-day Note
A 60-day Note is a short-term financial instrument or promissory note that promises repayment of the principal, along with any agreed interest, within 60 days.
Due Date
The specific date by which a payment must be made or a task completed.
Dated
Term often used to refer to something that is not current or is out of fashion; not applicable here as a defined key term in accounting or finance.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy.
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