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Allison is new to the Onyx Organization. She asks her supervisor why accounting procedures are not modified to reflect more modern practices. Her supervisor says, "That is the way we do things around here." The supervisor's comment is an example of ___.
Face Value
The nominal value or dollar value of a security stated by the issuer.
Contract Rate
The agreed-upon interest rate specified in a contract, often related to loans or financial agreements.
Market Rate
The prevailing rate of interest available on investments or the average cost of borrowing money in the market.
Issued
The process of making securities available for sale to the public or the amount of a product or securities distributed to the public.
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