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A directive leader would be preferred by an employee with a high external locus of control.
Machine-Hours
A unit of measure representing the operation of machinery for one hour, often used in manufacturing and production cost analysis.
Contribution Margin
The sum left from the revenue of sales once variable costs have been subtracted, utilized to pay for fixed expenses and create profit.
Administrative Expenses
Costs related to the general administration of a business, such as salaries of executive personnel, accounting, and human resources.
Net Operating Income
A measure of a company's profitability calculated as total revenue minus operating expenses, excluding interest and taxes.
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