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4.01

GLOSSARY

TermDefinition
accounting the process of keeping and interpreting financial records
accounts payable all monies owed by the business to others
accounts receivable all monies owed to a firm by it customer
acquisition of funds finance activity involving making decisions about financing
administration of assets finance activity involving making decisions about a firms investments
asset(s) anything of value that a business or individual owns
capital budgeting a process in which a firms financial managers determine which projects it should invest in
capital investment decisions de
Created by: noe.a183
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