EXPOSURE Definition

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EXPOSURE, generally, is the extent to which a product is kept in the public eye through the press, radio, television, and public appearances. In finance, exposure refers to the amount that a business or person can lose. For example: in foreign exchange, it refers to the degree to which a company is affected by exchange rate changes.

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CONTROL is the process of directing operations to achieve a goal.

POST is the transfer of accounting entries from a journal of original entry into a ledger book, in chronological order according to when they were generated.

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