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Ethel looks up the phone number of a gas station and remembers it just long enough to walk over to the telephone and dial.When she is dialing,the information is contained in her
Research and Development
The process of innovating and improving products or services through scientific investigation, experimentation, and technological advancement.
Operating Expenses
Costs associated with the day-to-day operations of a business that are not directly tied to the production of goods or services.
Current Assets
Resources anticipated to be turned into cash, liquidated, or utilized within a 12-month period or over the length of the business's operational cycle, whichever duration is more extended.
Fixed Assets
Long-term tangible assets used in the operations of a business that are not expected to be converted to cash in the short term, such as buildings, machinery, and equipment.
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