Examlex
Passive RFID tags do not have a power source.
Progress Billing
A billing method where payments are requested from customers based on the completion percentage of a project or contract.
Long-term Projects
Projects with a duration that extends beyond one year, typically involving large-scale and complex activities.
Direct Write-off Method
An accounting method where uncollectable debts are charged directly to expense as they are identified.
GAAP
Generally Accepted Accounting Principles; a set of accounting standards and procedures used in the U.S. to govern financial reporting.
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