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What are the three steps in the finance cycle? List them in the proper sequence from beginning to end.
Production Possibilities Frontier
A graph that illustrates all the highest production options for two or more products, based on a specific set of resources, such as labor and materials.
Trade-Offs
The concept of giving up one thing in return for gaining another, often used in the context of making decisions that involve a compromise.
Policy Decisions
Choices made by governments or organizations regarding laws, regulations, and actions to achieve specific economic or social goals.
Management Information System
An organized approach to collecting, storing, and processing data to provide useful information for decision-making.
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