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A company decides it no longer wants to host its own e-mail server and decides to purchase a business agreement with an online company to do its e-mail hosting.Which of the following is being described?
Cotton
A natural fiber and a key agricultural commodity used primarily in the textile industry for making fabrics.
Internal Auditing
The independent, objective assurance and consulting activity designed to add value and improve an organization's operations, focusing on internal controls and business processes.
Administrative Expense
Costs related to the general management and administration of an organization, such as salaries of executives and office supplies.
Period Cost
Overheads not associated with the production activities, expensed in the timeframe they arise, like sales, general, and administrative outlays.
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