Glossary

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usually used when a firm is in trouble financially and it decides to reduce costs by selling...

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money that a person or business earns as a percentage of the total value of invested assets....

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(also called refer to drawer) term the bank uses to mark and return cheques that they can't pay...

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changes in production which occur when all resources are changed in the long run.

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(also called income) money that comes into the business

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