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Anselm says that "there exists a being, than which nothing greater can be conceived, and it exists both in the understanding and in reality." Why is the difference between the two italicized terms? Do you agree with Anselm? Explain your answer.
Optimal Amount of Credit
The ideal level of borrowing that achieves a balance between the benefits and costs of debt financing.
Total Opportunity Cost
The sum of all the benefits that could have been received from the next best alternative option that was not chosen.
JIT Point
A strategy where materials, goods, and even labor are delivered or acquired just in time to be used, reducing storage and inventory costs.
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