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A College Is Run by a Board of Trustees,which Hires

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A college is run by a board of trustees,which hires a president,who in turn selects vice presidents,deans,and other administrators.This is an example of the bureaucratic characteristic of


Definitions:

Spoils

Goods that are damaged or unusable during the production process and cannot be sold to customers.

Monetary Unit Assumption

A financial accounting concept that believes transactions and events can be quantified in terms of money.

Dollar Stability

Refers to the consistency and steadiness in the value of the United States dollar in international and domestic markets.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

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