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If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory of 24,000 units, and has 22,000 units on hand as of the beginning of the year, the budgeted volume of production for the year is 202,000 units.
Political Centralization
The concentration of political power and authority in a central government, often at the expense of regional or local governance.
Notion Of Progress
The idea that societal, technological, or ideological advancement is possible and desirable, leading to an improved condition.
Ethnocentric
Viewing or evaluating other cultures solely from the perspective and values of one's own culture.
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