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High and Unexpected Inflation Has a Greater Cost

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High and unexpected inflation has a greater cost


Definitions:

Petty Cash Fund

A small amount of cash on hand used for minor, incidental expenses within a business or organization.

Small Purchases

Transactions involving the procurement of goods or services with relatively low financial value.

Office

A room or set of rooms designated for the administrative or professional activities of a business, organization, or individual.

Family Medical Leave Act

U.S. federal law that entitles eligible employees to unpaid, job-protected leave for specified family and medical reasons.

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