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Which of the following best describes why theories are used in program planning?
Market/Book Ratio
A financial ratio comparing a company's current market price to its book value, used to evaluate whether a stock is over or undervalued.
Average Collection Period
The average number of days it takes for a business to receive payments from its customers for invoices.
Accrued Salaries
Wages that have been earned by employees but have not yet been paid out.
Fixed Assets
Long-term tangible assets that are used in the operations of a business and are not intended to be sold within a year.
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