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Describe the three levels of selectivity. Describe an example for each.
Purchase Orders
Official documents issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
Industry Type
Identifies the category or sector of a business based on its primary revenue-generating activities.
Fiscal Year
A 12-month period used for accounting purposes and reporting financials, which may or may not coincide with the calendar year.
Chart of Accounts
An organized list of all the accounts in a company's financial system, structured in a way that aligns with its financial reporting requirements.
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