ASSESSED VALUE Definition

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ASSESSED VALUE is the estimated value of property used for tax purposes.

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HYPOTHESIS is a proposition about cause and effect relationships. A hypothesis involves anticipating an effect, and a means of observing whether the anticipation is correct. A company’s strategy is based on a hypothesis – “If we do A, then B will result.” For example, a strategy map for a Balanced Scorecard explains the hypothesis behind an organization’s strategy.

SAP is an integrated enterprise resource planning (ERP) system that seamlessly integrates most activities of a company.

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