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Expenses should be recorded when they have been incurred,not when they are paid.
Formal Structures
The officially designated organization framework, often depicted in organizational charts, that dictates how tasks are divided, grouped, and coordinated.
Plan Components
The essential elements that make up a strategic or operational plan, including objectives, strategies, measures, and timelines.
Objective
A goal or aim that is clearly defined and measurable.
Action Statement
A clear, concise declaration outlining a specific action to be taken to achieve a particular objective.
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