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Graph the function by hand, not by plotting points, but by starting with the graph of one of the
standard functions and then applying the appropriate transformations.
Net Operating Income
The profit generated from a business's operations after subtracting operating expenses from operating revenues.
Variable Costing
A method of costing that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product.
Absorption Costing
An accounting method that includes all manufacturing costs - direct labor, direct materials, and overhead - in the cost of a product.
Net Operating Income
A company's revenue minus its operating expenses, not including taxes and interest.
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