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Cutoff dates are important because they provide clarity and structure in different areas of business and decision-making. They help establish timelines, set boundaries, and create a framework for effective planning and execution. By having a cutoff date, businesses can ensure that information is accurate and up to date, decisions are made based on relevant data, and projects are completed within defined timeframes. Cutoff dates also help in managing resources efficiently and avoiding delays or confusion. Overall, a well-defined cutoff date enables organizations to maintain organization, accountability, and progress towards their goals.
