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According to the Text, If Individuals Base Their Expectations on the Past

question 61

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According to the text, if individuals base their expectations on the past, we could say that their expectations are:


Definitions:

Turnover

Turnover refers to the rate at which employees leave a workforce and are replaced, or the total volume of sales made by a company during a particular period.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, expressed as a percentage of the return on the investment relative to its cost.

Margin

The difference between the selling price of a product and its cost of production.

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding income from investments or taxes.

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