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Managers Need to Know That,in the View of the General

question 19

Multiple Choice

Managers need to know that,in the view of the general public,_______ and _______ responsibilities are required,_______ responsibility is expected and _______ responsibility is desired.


Definitions:

Inventory balance

The total value of all goods and materials held by a company intended for sale or production.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Operating Expenses

Operating expenses are the costs associated with running a business's day-to-day operations, excluding the cost of goods sold.

Gross Profit

The difference between the revenue earned from selling goods or services and the cost of goods sold, not including overhead or other indirect expenses.

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