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In a shared service model, individual country operations can specialize in varying aspects of international HR services. Then other countries can access these services and products without developing them all themselves.
Operating Income
A measure of a company's profitability, excluding non-operating expenses such as interest and taxes, and non-operating income.
Finished Goods Inventory
This is the account that contains the cost of finished goods that are ready to be sold but are still in stock.
Absorption Costing
Absorption Costing is a method of inventory costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Operating Income
Profit generated from a company's regular business operations, excluding deductions for interest and taxes.