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The tendency for observers to underestimate the impact of the situation and to overestimate the impact of personal dispositions on another's behavior is called
Direct Materials
Direct materials are the raw materials that are directly traceable and allocable to a finished product in the manufacturing process, directly impacting the cost of goods sold.
Production Costs
The total expense incurred in the manufacture of a product, including labor, materials, and overhead.
Gross Profit
The difference between sales revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.
Net Profit
The remaining income after all expenses, taxes, and costs have been subtracted from total revenue.
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