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Which of the following about observational forms is FALSE?
Buying Division
A segment within a company responsible for purchasing products, materials, and services required for the company’s operations.
Transferred Item
Goods that are moved from one process, department, or location to another within the same company.
Outside Supplier
A third-party entity that provides goods or services to a business.
Residual Income
Income that remains after all operating expenses, including cost of capital, are subtracted from revenue, often used in performance measurement.
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