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Three nurses from the evening shift at the Holy Heart Hospital told their supervisor their ideas for some new procedures that would improve the way patients' needs are tracked.The supervisor listened to the nurses' suggestions and implemented them.The nurses' suggestions illustrate
Net Income
is the total profit or loss of a company after all revenues, expenses, taxes, and dividends are accounted for, over a specific period.
Forward Exchange Contract
A financial agreement to exchange a specific amount of one currency for another at a predetermined future date and rate, used to hedge against currency risk.
Swiss Francs (CHF)
The official currency of Switzerland, known for its stability and being a safe-haven currency.
Spot Rate
The current market price at which a currency can be bought or sold for immediate delivery.
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