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Michael views the world in clearly defined terms. For example, behaviors are either right or wrong, one wins or loses. He is unable to entertain a middle ground in any of his beliefs. Beck would consider Michael to be engaging in the cognitive distortion of ______________.
Net Operating Income
The income generated from normal business operations after deducting operating expenses but before interest and taxes.
Contribution Format
A type of income statement that separates variable costs from fixed costs to show the contribution margin.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time.
Total Contribution Margin
The difference between sales revenue and variable costs, indicating the total amount available to cover fixed expenses and generate profit.
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