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Which of the following is not true of both managerial leadership and organizational leadership as defined in the text?
Net Operating Income
The total profit of a company after operating expenses are subtracted from gross profit but before taxes and interest costs are deducted.
Sold Units
The total number of units of a product that have been sold within a specific time period.
Variable Expenses
Expenses that vary directly with changes in business activity level, such as sales volume or production quantity.
Fixed Expenses
Expenses that remain constant regardless of any variations in the volume of production or sales.
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