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What is internal control and what is its purpose?
Residual Income
Residual income is the amount of income that an individual or business has after all personal debts and expenses, including a mortgage, have been paid.
Divisions
Distinct business units or sections within a company, each responsible for certain aspects of the organization's operations.
ROI
Return on Investment; a performance measure used to evaluate the efficiency of an investment by comparing the amount of return relative to the investment's cost.
Residual Income
The income that remains after deducting all required costs of capital from the net operating income.
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