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In order for an organization to thrive, all of the following is necessary EXCEPT:
Full Settlement
A financial arrangement where a debtor pays a lump sum that is less than the total amount owed to fully settle the outstanding debt.
Perpetual Inventory System
An inventory accounting system that records purchases and sales of merchandise immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Periodic Inventory System
A periodic inventory system is an accounting method where inventory levels and cost of goods sold are determined at the end of an accounting period, not after each sale or purchase.
Freight Charges
Costs associated with transporting goods from one location to another, paid by the shipper or the receiver, depending on the terms of sale.
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