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________ Involves Creating a Vision for Others to Follow, Establishing

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________ involves creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business so that it is more effective and efficient.


Definitions:

Note Payable

A formal written agreement to pay a specific sum of money at a future date, representing a liability for the borrower.

Maturity Date

The Maturity Date refers to the specified date on which the principal amount of a financial instrument, such as a bond or loan, is due to be repaid.

Journal Entry

A record in the financial ledgers of a company reflecting a business transaction, involving a debit and credit in accordance to double-entry bookkeeping.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare, based in the United States.

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