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Business Principles Word Power List 3

AB
variancea difference between current performance and the standard
innovationsomething entirely new
efficiencyproducing products and services quickly and at a low cost without wasting time or material
outputquantity produced within a given time
Empowerto give power
baby boomersthe generation of people born between 1945-1965
glass ceilingan invisible barrier to job advancement
Valuesunderlying beliefs and attitudes
tariffstaxes on foreign goods
collateralproperty a borrower pledges to assure repayment of a loan



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