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tax rate, 188–189
3M, 31
time frame, of Profit Improvement Proposals (PIPs), 67
time value of money, 60, 88, 104, 146
top managers, see Box 1 ("C Level") managers
total capital employed, 163–164
total operating income, 154
total revenue, 154
TQM (total quality management), 101
trade-offs
for debt, 180–181
risk-return, 172
trade space, 92–93
turnover businesses managers, 100
turnover mix, 164
turnover principle, 159, 161–164, 169, 170
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