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A Requirements Definition Document Prioritizes All of the Business Requirements

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A requirements definition document prioritizes all of the business requirements by order of importance to the company.


Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the business's operating cycle.

Current Liabilities

Obligations or debts that a company must pay within a year.

Inventory

The goods and materials a business holds for the ultimate goal of resale or repair.

Benchmarking

The act of measuring a company's operations and performance indicators against the industry's highest standards or optimal practices.

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