ASSOCIATE Definition

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ASSOCIATE, in business, is a person brought together with a company or another person into a relationship in any of various intangible ways.

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FICTITIOUS ASSET is debit balance includes on balance sheets as assets that do not conform to the definition of an asset. Intentional includes of assets known to be fictitious assets may be ruled as fraud.

INCREMENTAL COST is the increase or decrease in costs as a result of one more or one less unit of output.

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