Examlex
The patch technique involves:
Capital Budgeting
The process that a business uses to evaluate potential major investment or expenditure projects, using various techniques to determine their value.
Working Capital Management
The supervision of a company's short-term assets and liabilities to ensure its efficient operation and financial stability.
Credit Management
The process of granting credit, setting the terms it's granted on, recovering this credit when it's due, and ensuring compliance with company credit policy.
Borrowing
The act of obtaining funds from another party with the promise of repayment at a later date, often with interest.
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