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Which of the following is the basic assumption of hierarchical control?
Operating Expenses
Operating expenses are costs associated with the day-to-day functions of a business, excluding direct production costs but including things like rent, utilities, and staff wages.
Sales Revenue
The total amount of money generated from selling goods or services before any expenses are deducted.
Gross Profit Rate
The ratio of gross profit to net sales, indicating the efficiency of a company in managing its production and labor costs.
Net Sales
The sales income left after subtracting returns, reductions for damaged or missing items, and price discounts.
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