Examlex
Which one of the following is necessary if a company expects its budget to be effective?
Savings and Loan
Financial institutions that primarily promote savings and provide loans for housing.
Medium of Exchange
A go-between resource or framework designed to support the transfer, acquisition, or exchange of commodities among participants.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
Foregone Interest
The potential interest income lost by choosing an alternative investment or spending decision instead of the present option that yields interest.
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