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Differentiate upward, downward, and lateral communication in the workplace.
Savings
Money that is not spent and is set aside for future use, typically in accounts or investments that allow for capital preservation or growth.
Goal
A desired result or outcome that a person or organization envisions, plans, and commits to achieve.
Simple Interest
Interest calculated only on the principal amount, without compounding.
Account
A record or statement that details financial transactions and their impact on an entity's financial position.
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