SFAS Definition

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SFAS is Statement of Financial Accounting Standards or Statewide Fixed Assets System.

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VALUE ADDED VERTICAL INTEGRATION is controlling as much of the build stream, both upstream and downstream, in producing a product or service as possible while ensuring that every part of the stream provides added value. See also VALUE ADDED and VERTICAL INTEGRATION.

LINE MANAGEMENT is the administration of the line functions of an organization; administration of activities contributing directly to the organizations output.

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