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Laozi Said in the Daodejing

question 2

Essay

Laozi said in the Daodejing,"...practice non-interference in order to win the empire." What did he mean by these words? How does this quote demonstrate the fundamental difference between Confucianism and Daoism?


Definitions:

Net Operating Income

The profit realized from a business's operations after subtracting all operating expenses except interest and taxes.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs, excluding fixed overhead costs.

Unit Product Cost

The total cost attributed to producing one unit of product, including direct materials, direct labor, and allocated manufacturing overhead.

Net Operating Income

A company's income after operating expenses have been deducted, but before deducting interest and taxes.

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