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The most effective control of absenteeism consists largely of:
Controllable Margin
The portion of a company's profit that can be affected or controlled by management decisions, excluding fixed costs and other uncontrollable factors.
Average Operating Assets
The average value of the assets used in the course of business operations over a specific period, utilized to generate revenue.
Contribution Margin
Contribution margin is the amount by which the sale of a product exceeds its variable costs, indicating the portion of sales revenue available to cover fixed costs and generate profit.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as the return (net profit) divided by the cost of the investment.
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