PARTNERSHIP Definition

PARTNERSHIP is an unincorporated business that has more than one owner. It is different from a sole proprietorship in that a sole proprietorship can have only one owner.

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MATERIAL CONTROL SYSTEM (MCS) is the software program used to control the routing and transfer of material within an automated material handling and control system.

SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.

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