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A form of organization characterized by lateral decision processes, horizontal networks, and a strong corporatewide business philosophy is a horizontal corporation.
Cash Account
An account that records all transactions involving the cash of a company, including receipts and payments.
Raw Materials Inventory
Items and substances in stock that will be used in the manufacturing process to create goods and products.
Net Operating Income
A company's revenue minus its operating expenses, excluding taxes and interest.
Work in Process Inventory
Items that are in the process of being manufactured but are not yet complete.
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