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Briefly describe the difference between an ecomap and a genogram. Describe 2 situations where each might be useful to a social worker.
Net Income
Net income is the total earnings or profit a company makes after deducting all its expenses, including taxes, interests, and depreciation.
Gross Profit
The difference between total revenue and the cost of goods sold, representing the profitability of a company's core activities before overhead.
Operating Expenses
The costs associated with the day-to-day operations of a business, excluding the cost of goods sold.
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