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SAP terminology along with classic financial terminology is used for business at MIT. Theterminology presented in this lesson is used frequently both in this self-study and in financialcommunications at MIT. In this lesson you will become familiar with basic SAP terminology. At the completion of thislesson you will be able to: Recognize some with system-specific language Differentiate between a Cost Center,Internal Order and WBS Element Distinguish between Master and Transactional data.

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