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When Louis Pasteur said, "Chance favors the prepared mind," he was talking about one particular ingredient that is central to creative thinking. What is that ingredient?
Accounts Payable
Short-term liabilities of a business that are due to be paid to creditors within a specified period.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor.
Operating Expenses
Costs associated with the normal operations of a business, excluding cost of goods sold and direct labor.
Prepaid Expenses
Expenses paid in advance for goods or services to be received in the future, recognized as assets until used.
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