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Clarita Cosmetics is confronting a decline in sales due largely to a general economic downturn. The top management team is debating whether to lay off employees. In the debate, the following statements are made. Which of the statements is FALSE?
Graduate Research Grant
Financial support awarded to graduate students to fund their research projects in various academic disciplines.
Government Student Loan
A loan provided by the government to students to help cover educational expenses, often with more favorable terms than private loans.
Municipal Bylaw
A law passed by a local government authority that applies to residents within its jurisdiction.
Liquor Licence
An official permit required to sell alcoholic beverages within certain regulations.
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