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Why was the spoils system ultimately discontinued?
Gross Profit
The income a company retains after subtracting the expenses related to the production and sale of its goods, or the expenses incurred from providing its services.
Non-Controlling Interest (NCI)
The portion of equity in a subsidiary not owned by the parent company, also known as minority interest.
Fiscal Net Income
The difference between total revenue and total expenditures of a government over a specified financial period, often used to gauge a government's financial health.
Dividends Declared
An announcement by a company's board of directors to distribute a portion of the firm's earnings to shareholders, specifying the amount and payment date.
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