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Mark, David, Tia, and Ashley are team members in a computer programming class.They have been assigned the task of creating a computerized payroll system.Mark and Tia worked very hard and created programs that worked well.David and Ashley, however, did not work as hard as they could and created programs with numerous errors.This resulted in a payroll system which could not be implemented.The team's poor performance that was a result of David and Ashley not doing their best can be termed as:
Intangible Asset
An asset that lacks physical substance, representing value due to legal or competitive rights (e.g., patents, trademarks).
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, often referred to as shareholders' equity or owners' equity.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
No-Par Common Stock
No-Par common stock is stock issued without a par value, meaning its value is determined by the price investors are willing to pay in the market, rather than a set face value.
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