Definitions (3)
1. Accounting: (1) The annual sales volume net of all discounts and sales taxes.
(2) The number of times an asset (such as cash, inventory, raw materials) is replaced or revolves during an accounting period.
(2) The number of times an asset (such as cash, inventory, raw materials) is replaced or revolves during an accounting period.
2. Human resource management: The number of employees hired to replace those who left or were fired during a 12 month period.
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