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The geologist C. F. Richter defined the magnitude of an earthquake to be where is the intensity of the quake (measured by the amplitude of a seismograph from the epicenter) and is the intensity of a "standard" earthquake (where the amplitude is only 1 micron ) . The 1989 Loma Prieta earthquake that shook San Francisco had a magnitude of on the Richter scale. The 1906 San Francisco earthquake was 12 times as intense. What was its magnitude on the Richter scale?
Open-Book Management
A business strategy where financial and operational information is shared openly with employees to involve them in decision-making and to improve company performance.
Financial Statements
Formal records that outline the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.
Bottom Line
Refers to the final net income or profit of a business after all expenses have been subtracted from revenues.
Key Financial Data
Critical financial metrics or figures that indicate the financial health or performance of an organization.
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