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When putting out an electrical fire, what should a person do?
Gross Profit
The financial gain calculated by subtracting the cost of goods sold from the revenue generated from sales of those goods.
Operating Expenses
Costs associated with the day-to-day operations of a business such as rent, salaries, and utilities.
Revenues
Income generated from normal business operations and includes discounts and deductions for returned merchandise.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.
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