Examlex
Identify and describe the major tactics used by unions and management when collective bargaining efforts break down.
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
Operating Expenses
Costs related to the day-to-day functions of a business, excluding the cost of goods sold.
Net Income
The amount of money a company earns after all expenses, taxes, and costs have been subtracted from total revenue.
Periodic Inventory System
A method of inventory valuation in which updates to inventory levels and cost of goods sold are made periodically, such as at the end of the fiscal year.
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