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Researchers have shown that recategorization can be an effective strategy for reducing bias. This process involves:
Service Department Expenses
Costs incurred by the service departments within a company, which support the production or operations but do not directly produce goods.
Income from Operations
The profit generated from a company's core business operations, excluding income from other sources and expenses unrelated to operations.
Profit Margin
A financial metric indicating the percentage of revenue that exceeds the costs associated with making or selling goods and services, showing profitability.
Activity Base
This term is associated with cost accounting and refers to a measure of activity that is used as a basis for allocating costs to cost objects.
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