Examlex
The overall importance of the purchasing function is increasing,particularly for firms that compete in industries characterized by worldwide competition and rapid change.
Market Price
The current price at which an asset or service can be bought or sold.
Common Share
A type of equity ownership in a corporation, representing a fraction of the total ownership, where each share entitles the holder to a vote at company meetings and a share in the company’s profits.
Acid-Test Ratio
A liquidity ratio measuring a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
Balance Sheet
A report that encapsulates a business's assets, debts, and owner's equity at a certain date.
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