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Define the following terms

Time value of money

Efficient market

Primary versus seconary market

Risk-return tradeoff

Agency (principal and agent problems)

Market information and security prices and information asymmetry

Agile and lean principles

Return on investment

Cash flow and a source of value

Project management

Outsourcing and offshoring

Inventory turnover

Just-in-time inventory (JIT)

Vender managed inventory (VMI)

Forecasting and demand management.

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