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What is the difference between line managers and staff managers?
Staff managers have no authority over their subordinates, while line managers do.
Line managers usually have more formal education than staff managers.
Line managers are more important.
In a manufacturing firm, line managers are involved in areas like marketing and production, while staff managers work in areas like marketing research, personnel, and legal.
Staff managers have more authority than line managers.
Cash Disbursements
The outflow of cash to pay for goods, services, and financial obligations during a specific period of time.
Cash Receipts
The collection of money, including cash, checks, and credit card payments, received by a business during a period.
Minimum Cash Balance
The lowest amount of cash that a company or individual aims to hold in order to meet operational and transaction needs.
Net Operating Income
The profit generated from a business's core operations, excluding expenses and revenues from non-operating activities.
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