Examlex
Which of the following was NOT key in reducing the prevalence of the "spoils system," or patronage system, from American politics?
Operating Income
Earnings from a company's primary business activities, excluding revenues and expenses from investments or other non-operational sources.
Variable Costing
An accounting method that only allocates variable costs to inventory, treating fixed costs as expenses of the period.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Operating Income
Operating income is the profit realized from a company's regular business operations, excluding deductions of interest and taxes, as well as any gains or losses from non-operating activities.
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