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A managerial principle stating that control is enhanced by concentrating on the exceptions or significant deviations from the expected result or standard is referred to as
Implicit Costs
The opportunity costs associated with a company's use of resources it owns, representing potential income lost.
Future Earnings
The expected profit or income generated by an investment, job, or business over a future period.
Younger Workers
Individuals entering or in the early stages of their professional careers, often characterized by being newer to the workforce.
Moving Costs
Expenses associated with relocating resources or operations from one location to another, including transportation, labor, and setup costs.
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