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In 1992, the NLRB issued a decision in the Electromation case that:
Profitability
A measure of the efficiency and success of a business in generating profits from its operations over a period of time.
Horizontal Analysis
A financial analysis technique that examines the changes in the amounts of specific financial statement items over a period of time.
Base Year Figure
A reference point in time used for comparison in financial and economic analysis to track changes and trends.
Common-sized Income Statement
An income statement in which each line item is expressed as a percentage of sales revenue, facilitating comparison across periods and companies.
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