CHAIRPERSON OF THE BOARD Definition

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CHAIRPERSON OF THE BOARD is the head of the board of directors of a corporation, and generally considered as head of the firm.

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OPEN TO BUY is the dollar amount budgeted by a business for inventory purchases for a specific time period.

LONG-LIVED ASSETS are usually those assets that are not consumed during the normal course of business, e.g. land, buildings and equipment, etc.

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