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Explain how Fred Luthans differentiates between successful and effective managers.
Net Operating Income
Earnings from a company's regular activities before taxes and interest, used to gauge the company's operational efficiency.
Absorption Costing
Absorption costing is an accounting method that includes both variable and fixed manufacturing costs in the cost of a product.
Net Operating Income
A financial metric that calculates the profit generated from a company's operations, excluding taxes and interest.
Net Operating Income
The profit generated from a company's everyday business operations, excluding expenses from interest and taxes.
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