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Risk Is

question 16

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Risk is


Definitions:

Administrative Expenses

Expenses that are not directly tied to a specific business activity but are necessary for the overall operation of a company; these may include salaries of administrative personnel, rent, and utilities.

Net Operating Income

A company's total income from operations, excluding expenses and taxes.

Facility Expenses

Costs related to the physical space where business operations occur, such as rent, utilities, and maintenance.

Manufacturing Overhead

All indirect manufacturing costs, including indirect labor, materials, and utilities necessary for production, but not directly associated with specific units.

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