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Sticky prices could be the result of firms being afraid of price wars.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Combining Duties
Combining responsibilities or tasks typically to improve efficiency or reduce costs, often used in reference to streamlining operations within an organization.
Internal Control
Procedures and processes implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Mechanical Controls
Systems or processes designed to manage or regulate machinery or equipment to ensure efficiency and safety.
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