VALUE CREATION Definition

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VALUE CREATION is performing activities that increase the value of goods or services to consumers.

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AAA-CPA is American Association of Attorney-Certified Public Accountants.

AVOIDABLE COST is the amount of expense that would not occur if a particular decision were to be implemented (e.g., if an employee is laid off at a company that is self-insured for unemployment compensation, the avoidable cost is total direct salary less payments for unemployment benefits plus savings in employee benefits).

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