ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LEGITIMACY THEORY Definition
LEGITIMACY THEORY posits that businesses are bound by the social contract in which the firms agree to perform various socially desired actions in return for approval of its objectives and other rewards, and this ultimately guarantees its continued existence.
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EXPIRED EXPENSE is an expense having come to an end or become void after passage of a period of time.
COBOL is Common Business Oriented Language.