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An employee that reports to work drunk multiple times is a good example of an impaired colleague.
Net Operating Income
The total profit of a business after operating expenses are subtracted from gross profit but before deducting interest and taxes.
Contribution Margin
The amount of revenue remaining after deducting variable costs, which can be used to cover fixed costs and contribute to profit.
Fixed Costs
Costs that do not change with the level of production output, such as rent, salaries, and insurance.
Variable Selling
Costs that change in proportion to the volume of goods or services sold.
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