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Which of the following is the most efficient means of trade?
GAAP
Generally Accepted Accounting Principles, a set of rules encompassing the details, complexities, and legalities of business and corporate accounting.
IFRS
International Financial Reporting Standards, a set of accounting standards globally accepted for financial reporting.
Standard of Care
The level of care and caution expected from someone who has a responsibility to act carefully.
Distributor's Liability
Legal accountability faced by distributors for selling or distributing defective products that cause harm or loss to the purchasers.
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