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Credit department employees must have access to cash in order to exercise effective internal control over receivables.
Indifference Curves
A graph showing combinations of two goods that give a consumer equal satisfaction and utility, reflecting preferences.
Right Angles
A measure of angle which is exactly 90 degrees, indicating a perpendicular relationship between two lines or planes.
Perfect Complements
Two goods with right-angle indifference curves.
Indifference Curves
Indifference curves are graphical representations in microeconomics that indicate different combinations of two goods between which a consumer is indifferent, reflecting their preferences and utility.
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