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Pre-Tax Cash Flows
The amount of cash generated by a company's operations before considering the impact of income taxes.
Just-In-Time
An inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce stock levels and increase efficiency.
Production Flexibility
The capability of a manufacturing system to adapt efficiently to changes such as new product introductions, production volume adjustments, and design alterations.
Corporate Governance
The system by which a company is directed and controlled. If properly implemented it should provide incentives for top management to pursue objectives that are in the interests of the company and it should effectively monitor performance.
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