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Average Operating Assets
The average value of the assets used in the day-to-day operations of a business over a specific period.
Last Year's Margin
The difference between sales revenue and the cost of goods sold in the previous fiscal year, often used as a benchmark for financial performance.
Unfavorable Effect
Occurs when actual costs exceed budgeted costs, or actual revenues are less than expected, negatively impacting financial performance.
Trained Workers
Personnel who have received specific training to perform their job duties effectively and efficiently.
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