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The interstitial fluid is not part of the ECF.
Top Management
Refers to the highest level of managers within an organization, responsible for strategic decision-making and overall operational direction.
Responsibility Report
A management tool that reports financial data by responsibility centers within an organization, helping to evaluate the performance of departments or managers.
Controllable Costs
Expenses that a manager or organization has the power to influence or change, often within a specific time frame.
Generally Accepted Accounting Principles
A set of accounting standards and practices that are widely accepted and used in the U.S. for financial reporting and accounting.
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