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Zero Balance Accounts Permit Centralized Control Over Cash Outflows While

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Zero balance accounts permit centralized control over cash outflows while maintaining divisional disbursing authority.


Definitions:

Occurrences

The instances or number of times an event or condition appears or is observed.

Probability Distribution

A numerical function outlining all conceivable outcomes and their associated chances for a random variable within a certain range.

Random Variable

A variable determined by the numerical results of chance phenomena.

Variance

A statistical measurement that represents the degree of spread or dispersion of a set of data points.

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