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The difference between Marxist conflict theories and pluralist conflict theories is that the former emphasize economic inequality,while the latter emphasize multiple axes of inequality.
Fixed Production Cost
Costs that do not vary with the level of production or sales volume, such as rent, salaries, and equipment depreciation.
Variable Selling Expense
Costs related to selling products that vary with the level of sales activity, such as commissions.
Net Operating Income
A company's income after operational expenses have been deducted but before taxes and interest are considered.
Milling Machine Minutes
A measure of manufacturing time that represents the total minutes a milling machine is engaged in production.
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