Examlex
________ refer to costs incurred in a period that are both unpaid and unrecorded. ________ refer to revenues earned in a period that are both unrecorded and not yet received in cash (or other assets).
Organizational Strength
The unique capabilities and resources that give an organization a competitive advantage or make it effective in achieving its goals.
Performance Advantage
A superior ability to perform a task or achieve goals compared to competitors or standards.
Diversification
A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce exposure to any one particular risk.
Ethical Expectation
The moral standards or codes of conduct expected by a society, organization, or professional group from its members.
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