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What percentage of Canada's population has some post-secondary education?
Just-In-Time Inventory System
A supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.
Acid-Test
A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets without relying on the sale of inventory.
Current Ratio
A financial ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.
Cash Discount
A reduction in the invoice price offered by sellers to buyers as an incentive for early payment.
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