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What proved a turning point in the drive towards Canadian independence?
Operating Efficiently
The practice of minimizing waste and maximizing resources to achieve optimal productivity and profitability in a business's operations.
Precautionary Motive
A theory explaining the demand for liquidity by individuals and firms as a safeguard against future cash needs and uncertainties.
Safety Margin
The difference between the actual value of a company's sales and the break-even sales, serving as a buffer for unexpected declines in revenue.
Financial Reserve
A portion of funds set aside by a business or organization to cover future obligations or unexpected expenses.
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