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Aristotle argued that the end justified the means.
Direct Labor Costs
Expenses related to employees who directly contribute to the production of goods or services, such as wages for assembly line workers.
Period Costs
Costs that are expensed in the period they are incurred rather than being capitalized or included in the cost of goods sold, such as selling, general, and administrative expenses.
Selling
The process of promoting and exchanging goods or services for value.
Administrative
Pertaining to the activities involved in the management, governance, or organization of a business, typically those responsible for enforcing policies and making decisions.
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