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_________Refers to the fact that family systems are comprised of smaller subsystems.
Net Operating Income
The total profit of a company after all operating expenses are subtracted from total revenues but before deducting taxes and interest.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a unit of a product.
Net Operating Income
The total profit of a company after operating expenses are subtracted from operating revenues, but before deducting taxes and interest.
Net Operating Income
A measure of a property's profitability, calculated by subtracting all operating expenses from the gross operating income.
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