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Chapter J THE NATURE OF BUSINESS
17 other sections not shown
accounts advantage advertising agent amount banks basic bonds buyer capital cash central processing unit channels of distribution COBOL coinsurance competition consumer corporation cost craft unions creditors current assets current liabilities debts decision demand discount dividend earnings economic employees equipment equity EXAMPLE exchanges expenses false Federal Reserve System firm function funds income statement individual industrial investment involves known labor large numbers law of large laws loans long-term loss loss leader manufacturer merchandise needed operations organization output owner ownership paid partner partnership payment period preferred stock premium problem profit purchase retailers right-to-work laws risk Robinson-Patman Act salesman securities sell shares sole proprietorship SOLUTION specific stockholders supplier Taft-Hartley Act trade transactions True union United usually vote wholesalers workers