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The philosophical position that holds that people have control over what they do and are free to choose to act other than the way they do is called
Supplies
Items used in the operating activities of a business, not directly tied to the final product.
Property Plant and Equipment
Long-term tangible assets used in the operation of a business, such as buildings, machinery, and vehicles.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.
Current Liabilities
Financial obligations that a company is expected to pay within one year or within its operating cycle, whichever is longer.
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