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The trustee theory of representation holds that the best and the brightest should govern.
Operating Expense
Costs associated with the day-to-day operation of a business, including rent, utilities, and salaries.
Physical Count
The process of counting the actual inventory on hand to ensure accuracy in inventory records.
Gross Margin
Gross Margin is a company's revenue from sales minus its cost of goods sold, indicating the efficiency of its production process and pricing strategy.
Operating Expenses
Costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.
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