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Which of the following is true about the second shift?
Production Technology
The methods, equipment, and processes used to produce goods and services.
Economic Profit
The split between total financial receipts and overall disbursements, considering both direct and hidden expenses.
Accounting Profit
The net income a company generates calculated by subtracting total explicit costs from total revenues, according to generally accepted accounting principles (GAAP).
Output to Supply
The process of producing and providing goods or services to meet demand.
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