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A Company Needs to Know the Price of Each Resource

question 168

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A company needs to know the price of each resource it employs if it wants to determine whether or not it is achieving


Definitions:

Bank Clears

The process by which a bank processes transactions and settles payments between parties.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in exchange for value.

Sum Certain In Money

A specified, fixed, or exact amount of money that is owed or due to be paid under a contract or agreement.

Enforceable Contract

a valid agreement between parties that can be legally upheld and compelled in a court of law.

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