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Which of the following indicates a correct sequence in phagocytosis?
Operating Reserves
Financial assets set aside by an organization to cover unexpected shortfalls or emergencies, ensuring financial stability and operational continuity.
Permanently Restricted Endowment
A type of endowment fund that a donor restricts in perpetuity; the principal cannot be spent, but the investment earnings can be used for designated purposes.
Financial Assets
Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.
Physical Assets
Tangible or material assets owned by an individual or company, such as buildings, machinery, or land.
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