Examlex
The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business.
Managers
Individuals responsible for directing and overseeing the operations and activities of a company or organization, making strategic decisions to ensure goals are met.
Marginal Benefit
The increased pleasure or usefulness obtained from the consumption of one more unit of a good or service.
Marginal Benefit
Enhanced satisfaction or usefulness gained upon consuming an additional unit of a good or service.
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