Examlex
Natural selection can act on behavioural traits.
Gross Profit
The difference between revenue and the cost of goods sold, indicating how efficiently a company produces goods/services at a profit.
Operating Income
Earnings before interest and taxes (EBIT), representing the profit a company generates from its core operations.
Income Tax Expense
The amount of money that an individual or corporation owes to the government based on their taxable income.
Effective Income Tax Rate
The average rate at which an individual or corporation is taxed, calculated by dividing the total tax expense by the taxable income.
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