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Alexa and Mandy are discussing the best parenting strategies in relation to a child's temperament. Alexa thinks that the best strategy is putting standard goals in place to deal with children's individualities. However, Mandy disagrees with Alexa's view. Which of the following statements supports Mandy's view?
Net Income
The total amount of profit earned by a company after all expenses and taxes have been subtracted from revenue.
Forward Contract
A non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
Cash Flow Hedge
A strategy used in financial risk management to protect against the risk associated with fluctuations in cash flows due to changes in interest rates, foreign exchange rates, or other variables.
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