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You have been asked to design a training program that will help managers create a better sense of procedural justice in their day-to-day decisions. Describe what this training program would emphasize to improve perceptions of procedural justice.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Net Income
The total profit of a company after all expenses, including taxes and operational costs, are deducted from revenue.
Variable Expenses
Costs that vary in proportion to the level of activity or volume of goods produced.
Management Accounting
The field of accounting aimed at providing managers within the company with the financial information necessary to make informed business decisions.
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