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What are tangible and intangible costs? Distinguish between direct and indirect costs and give examples of each.
Standards
Established and widely accepted benchmarks or criteria within an industry or field that act as a framework for determining quality, performance, or compliance.
Ethical Financial Decisions
Choices related to finance that are made with consideration of moral principles and values, aiming to ensure fairness, transparency, and integrity.
Staff Turnover
The rate at which employees leave a company and are replaced by new hires, affecting an organization's continuity and resource allocation.
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