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Which manager is usually held responsible for materials usage variances?
Net Present Value
A financial metric indicating the value of a series of cash flows over time in today's dollars.
Capital Budgeting
The process a business undertakes to evaluate potential major investments or expenditures to ensure financial viability and return on investment.
Tax Haven
A country or jurisdiction with very low or no taxes, often used by businesses and wealthy individuals to reduce their tax liability.
International Accounting Standards Board
An independent organization that establishes accounting standards, aiming for global harmonization.
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