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Judy owns a 20% interest in a partnership (not real estate) in which her at-risk amount was $35,000 at the beginning of the year. The partnership borrowed $50,000 on a recourse note and made a $40,000 profit during the year. Her at-risk amount at the end of the year is $43,000.
Activities System
The integrated set of actions or tasks performed by an organization or a part of it to achieve its objectives.
Value Chain
A model that outlines a series of activities that businesses perform in order to deliver a valuable product or service for the market.
Consecutive Steps
Refers to a sequence of steps or processes that follow one another in a direct and uninterrupted order.
Production Manager
A role responsible for overseeing the production process of a company, ensuring efficiency, quality control, and meeting production targets.
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