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Terrance is a great manager and he has a number of special skills. In particular, Terrance has the ability to get his subordinates to do more than would be normally expected. Which of the following terms best describes Terrance?
Pre-Tax Cost
The expense or cost incurred by an entity before the deduction of taxes.
Net Present Value
A financial measure that computes the disparity between the present value of cash coming in and going out over a certain period.
Flotation Cost
The total costs incurred by a company in issuing new securities, including underwriting, legal, registration, and distribution fees.
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