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Explain four techniques for overcoming communication barriers.
Prepaid Insurance
Coverage payments made in advance that are recorded as assets and then expensed over the period that the insurance policy covers.
Advance Payment
Payment made to a supplier or service provider before receiving the goods or services.
Expense
Expenditures made by a business during the revenue generation process.
Residual Value
The anticipated worth of an asset upon reaching the conclusion of its serviceable period.
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