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A global HR system should integrate global tools, such as online recruitment systems, with local methods.
Variable Manufacturing Costs
Expenses that change in proportion to the amount of goods or services produced, including direct materials and labor.
Trading In
The act of submitting a used item as partial payment for another item, often seen in automotive and electronics purchases.
Salvage Value
The estimated residual value of an asset at the end of its useful life, often considered for depreciation calculations or when disposing of the asset.
Market Value
The present cost for buying or selling an asset or service on the open market.
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