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At one point in time,society relied on religion to help answer many questions regarding how society operated.Religion and religious leaders were seen as the mechanism through which people lived everyday life.With the rise of industrialization,many factories were created.Soon society became organized in a hierarchical manner and bureaucracies emerged.People started to rely more on scientific,rational thought to understand how society worked.This soon became the driver for day-to-day life rather than religion.What shift were people in society experiencing?
Accounts Payable
Represents a company's obligation to pay off a short-term debt to its creditors or suppliers.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Asset Utilization Ratios
Ratios that measure how well a firm uses its assets to generate each $1 of sales.
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