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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?
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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