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_____ refers to the idea that more adaptive variants of an organism replace less adaptive variants of the organism over time.
Net Operating Income
The profit derived from a company's regular business operations, excluding deductions for interest and taxes.
Variable Costing
An approach in accounting where only direct materials, direct labor, and variable manufacturing overhead costs are considered in calculating the cost of products.
Net Operating Income
The total profit of a company after operating expenses are deducted, but before interests and taxes are subtracted.
Fixed Cost
Costs that do not change with the level of production or sales activity, such as rent or salaries.
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