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The theory of administration (Fayol) described all the following management functions except
Internal Rate of Return
The discount rate that makes the net present value of all cash flows from a particular project equal to zero.
Cash Flows
The sum of funds flowing in and out of a company, impacting its ability to cover short-term obligations.
Initial Cost
The total of all expenses incurred to acquire an asset or investment, including purchase price and all related fees.
Average Accounting Rate of Return
A financial ratio that measures the expected return on an investment based on its net income and initial cost.
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