DIVISION Definition

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DIVISION is a self sufficient unit within a company. A division contains all the functions necessary to operate independently from the parent company.

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WORKING ASSET STATEMENT is a net worth statement minus any personal assets, the car, house, boat, etc. A working asset statement will give a clear picture of an individuals invested assets.

REFERENDUM is when a legislative act is referred for final approval to a popular vote by the electorate, e.g., a bond referendum.

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