Examlex
A disease that is refractory does not respond well to treatment.
Variable Costs
Costs that change in proportion to the level of production or sales activity, such as raw materials and direct labor.
Operating Income
Income earned from a firm's regular business operations, excluding deductions of interest and taxes.
Absorption Costing
A costing method where all manufacturing costs, including both fixed and variable costs, are attributed to the product, thus fully absorbing them.
Net Income
The profit of a company after all expenses and taxes have been deducted from total revenue.
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