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What are the five usual steps involved in the preparation of the statement of cash flows?
Production Technology
Techniques, equipment, and software used in the production of goods and services.
Quantitative Relationship
A relationship that can be expressed as a mathematical equation, showing how changes in one variable affect another quantitatively.
Marginal Product
The additional output that is produced by using one more unit of a particular input while keeping other inputs constant.
Production Possibilities
A curve or frontier that shows the maximum combinations of goods or services that can be produced with a given set of resources and technology.
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