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Using Map 30.3, discuss the 1967 war between Egypt and Israel. Why did the war start, and what territorial changes resulted?
Incremental Costs
The additional costs incurred if a company increases its production or level of operations.
Direct Materials
Raw materials directly used in the production of goods, easily traceable to the product being manufactured.
Operating Income
The profit realized from a business's core operations after deducting operating expenses such as wages and cost of goods sold, but before taxes and interest.
Direct Labor
The cost of wages for those workers directly involved in the production of goods or services, not including support staff.
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