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What is meant when we say that an ideal performance management system must be valid?
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operational costs.
Operating Cycle
The duration of time it takes for a business to turn its inventory into cash through sales.
Merchandiser
A person or company involved in the purchase and sale of goods. In accounting, it refers to a business that sells finished goods to consumers.
Cash Sales
Transactions in which the buyer pays for a good or service with cash at the time of purchase.
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