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The principate came to a formal end under the reign of
General Transfer-Prizing Rule
A principle used to determine the price at which goods and services should be transferred between departments within the same organization.
Opportunity Cost
The expense incurred by not choosing the second-best option available during a decision-making process.
Controllable Cost
Expenses that can be directly managed or influenced by a decision-maker within a specific time frame.
Line Authority
The power given to managers to make decisions and issue commands within their scope of responsibility, and to expect those commands to be followed by subordinate employees.
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