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In oral face-to-face communication, when giving instructions, the sender should not ask for the receiver's commitment to the action, but allow the receiver 24 hours to consider it.
Inventory
Inventory encompasses the raw materials, work-in-progress, and finished goods that a company holds at any time, representing a crucial asset that is sold to generate revenue.
Treasury Stock
Shares that were issued and later reacquired by the issuing company, reducing the amount of stock outstanding on the open market.
Salaries Payable
The amount owed to employees for work performed that has not yet been paid at the end of a reporting period.
Salaries Expense
The total amount of salary payments made to employees, recognized as an expense on the income statement.
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