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Explain how the manufacturer Caterpillar suffered the consequences of decentralized decision making.
Stock Concept
An economic term describing quantities measurable at a point in time, such as wealth or capital.
Flow Concept
A term used in economics and finance to describe quantities measured over a period of time, such as income or expenses.
Wealth
An abundance of valuable financial assets or physical possessions which can be transformed into forms that can be used for transactions.
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