CONGLOMERATE Definition

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CONGLOMERATE is a group of diverse companies under common ownership and run as a single organization.

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CUT-OFF YIELD, in securities, is the yield at which or below which the bids are accepted.

MATERIAL CONTROL normally refers to the department responsible for the proactive control of materials within a manufacturing environment: Do procedures exist for storage, release, and movement of material? Are materials in stores identified and controlled? Are in-process materials identified and controlled? Are materials in inspection identified and controlled? Do storage areas and facilities provide control to protect material from degradation? Are nonconforming items identified, segregated and controlled?

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