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What Functions Do Voluntary Associations Serve

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What functions do voluntary associations serve?


Definitions:

Tangible Assets

Physical and material assets that have value, such as machinery, buildings, and inventory, which can be seen, touched, and quantified.

Patents

Legal documents that grant the holder exclusive rights to a process, design, or new invention for a designated period of time.

Cash

Money in the form of coins and banknotes, which is used to carry out transactions.

Inventory

The quantity of goods and materials on hand in a business, crucial for meeting customer demand and efficient operation.

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