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The Statute of Frauds recognizes electronic signatures as legally enforceable.
Equity Multiplier
A financial leverage ratio that measures the portion of a company's assets financed by its shareholders' equity.
Absolute Advantage
A condition in which a country, company, or individual can produce a good or service at a lower cost per unit than competitors using the same amount of resources.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors.
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