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________ Refers to the Activities That an Organization Carries Out

question 6

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________ refers to the activities that an organization carries out to put the right person into the right job in the right place at the right time for the right salary.


Definitions:

Supplies Account

An account that records the costs of supplies on hand and used by a business, which can be a significant part of operating expenses depending on the business type.

Year-End Adjustment

Accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Insurance Policy

A contract between an insurer and a policyholder that outlines the terms under which the insurer agrees to compensate the policyholder for specific losses.

Net Income

The total profit of a business after all expenses, taxes, and costs have been subtracted from total revenue.

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