Examlex
Which of the following is the main disadvantage of using algorithms?
Net Purchases
The total amount of purchases minus purchase returns, allowances, and discounts received during a specific period.
Gross Profit
The difference between the revenue generated from goods or services sold and the cost of goods sold (COGS), before deducting overhead, payroll, taxation, and interest payments.
Operating Expenses
Expenses incurred during the ordinary course of business operations, including costs related to sales, administration, and general activities.
Net Income
The remaining revenue after all costs, expenses, and taxes have been subtracted from a company's total revenue; essentially, a company's profit.
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