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________ merely exert the minimum level of effort needed to keep their jobs.
Overhead Expenses
Indirect costs related to running a business that are not directly tied to production, including rent, utilities, and administrative salaries.
Assessed Valuation
Assessed Valuation is the dollar value assigned to a property for purposes of taxation by a public authority.
Taxation
The process by which governments impose charges on citizens and corporate entities, generating revenue used to fund public services and infrastructure.
Tax Rate
The percentage at which an individual or corporation is taxed by the government.
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