Examlex
The term meaning "meeting the needs of the present without compromising the ability of future generations to meet their own needs" that originated from a report by the World Commission on Environment and Development is:
Contribution Format
A method of income statement presentation that separates fixed costs from variable costs to highlight the contribution margin.
Reconciliation Method
A process used in accounting to ensure that two sets of records (usually the balances of two accounts) are in agreement.
Absorption Costing
A calculation method for product pricing that includes all components of manufacturing costs—direct materials, direct labor, both variable and fixed overheads— into the product's overall cost.
Net Operating Income
The profit generated from a business's operations after subtracting operating expenses but before deducting interest and taxes.
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