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Define conflict of interest.
Labour
The physical and mental effort used in the production of goods and services.
Equipment
Tools, machinery, or other apparatus necessary for the performance of specific tasks.
Zero-based Budget
A budgeting method that starts from zero each new period, requiring all expenses to be justified for each new period.
Monthly Operating Budget
A financial plan that outlines expected income and expenses for a business over a one-month period, helping to manage resources and achieve financial goals.
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