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Multiply Matrices
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Theft
An act of stealing; unlawfully taking another's property without their consent.
Damage
The physical harm or impairment to property or goods, potentially leading to financial loss or liability.
Periodic Inventory System
A method of inventory valuation in which physical inventory counts are conducted at specific intervals to determine cost of goods sold and ending inventory levels.
Physical Count
The process of manually counting and verifying the quantities of physical inventory in a business.
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