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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NET MARGIN see NET PROFIT MARGIN (NPM After Tax).

VOUCHER is a. a piece of substantiating evidence; a proof; or, b. a written record of expenditure, disbursement, or completed transaction; or, c. a written authorization or certificate, especially one exchangeable for cash or representing a credit against future expenditures.

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