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Describe the three functional classifications of exocrine glands.
Opportunity Costs
Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Accounting System
A systematic process of recording, summarizing, and analyzing financial transactions of a business to provide accurate financial information.
Tactical Decisions
Short-term decisions made within the framework of a company's strategic plans, often involving the allocation of resources or adjustment of operations.
Sunk Costs
Costs that have already been incurred and cannot be recovered or altered by future actions or decisions.
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