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When preparing to work on a project,teams should name a meeting leader to plan and conduct meetings,a recorder to keep a record of group decisions,and an evaluator to determine whether the group is on target and meeting its goals.
Reportable Segments
Components of an enterprise about which separate financial information is available and is evaluated regularly by the chief decision-maker in deciding how to allocate resources.
Assets
Economic resources owned or controlled by a business, viewed as having value and expected to provide future benefits to the operations.
Profits
The net income received by a company after deducting all expenses, taxes, and costs.
Unrealized Gain
Profit that has been made on paper from investments but has not yet been converted to cash by selling the asset.
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