Examlex
The word "federal" did not appear in the U.S.Constitution until the ratification of the Tenth Amendment.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Annual Cost Savings
The reduction in total expenses achieved during a fiscal year, often as a result of process improvements or budget adjustments.
Intangible Benefits
Non-monetary advantages that cannot be easily quantified or directly measured, such as brand recognition, customer loyalty, and employee satisfaction.
Automated Equipment
Machinery and tools that operate independently or with minimal human intervention, often used to improve efficiency in manufacturing processes.
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