AOP Definition

AOP is either Adjusted Operating Profit or Annual Operations Plan.

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MAJORITY INTEREST is an ownership interest greater than fifty percent (50%) of the voting interest in a business enterprise.

TRANSACTION FILE is a collection of transaction records. The data in transaction files is used to update the master files, which contain the data about the subjects of the organization (customers, employees, vendors, etc.). Transaction files also serve as audit trails and history for the organization.

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