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The union and management teams are under a deadline to conclude negotiations.Discuss two effects that time will have on the negotiation process.
Managerial Accounting
A type of accounting focused on providing financial information to managers within organizations to aid in decision-making and business strategy planning.
Cost Accounting
A method of accounting that focuses on calculating, recording, and analyzing all costs incurred by a business in producing goods or services.
Open-Book Accounting
A management approach where detailed financial information is shared with employees to help them understand the financial performance and make better decisions.
Cash Flow
The total amount of money being transferred in and out of a business, representing its financial health.
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