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In the context of ethnic diversity, explain the challenges and risks that are involved in globalization of business.
Forecast Risk
The risk associated with the likelihood that the forecasted figures will not align with the actual results, also known as projection risk.
Accounting Break-even
The point at which total revenues equal total expenses, and the company neither makes a profit nor incurs a loss.
Operating Cash Flow
The cash that a business produces from its regular business activities, essential for maintaining daily operations, paying bills, and funding investments.
Depreciation Expense
A non-cash charge that reduces the value of fixed assets due to wear, tear, or obsolescence over time.
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