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Auguste Comte believed that positivism, which is the philosophy that knowledge should be based on systematic principles, experiments, and comparisons, could solve social problems.
Perpetual Inventory System
An inventory transaction recording method that utilizes computerized point-of-sale systems and enterprise asset management software to instantly register the sale or acquisition of goods.
Journal Entries
Written records of the financial transactions and events of a business, used to document and track the financial impact on its accounts.
Perpetual Inventory System
A financial recording technique that immediately documents inventory sales or acquisitions through computerized point-of-sale systems and software for managing enterprise assets.
Administrative Expenses
The costs related to the general administration of a business, such as salaries of senior executives, accounting, human resources, and information technology.
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