Examlex
Which of the following refers to managing the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers?
Depreciation
The systematic reduction of the recorded cost of a fixed asset to reflect its loss in value over time, often due to wear and tear or obsolescence.
Net Income
The total earnings of a company after subtracting all expenses, taxes, and costs, reflecting the actual profit made.
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