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Managerial Decision
Choices or judgments made by managers in the context of strategic planning and resource allocation to achieve business objectives.
Short-term
Referring to a period of time typically less than one year, used in context of planning, finance, or objectives.
Outsourcing
The practice of hiring third parties to perform services or produce goods traditionally done in-house, often to cut costs.
Descriptive Statistics
Statistical methods used to summarize, show, and analyze data sets, typically through measures of central tendency and variability.
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