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Operating Assets
Assets that are used for the day-to-day functioning of a business and can include cash, inventory, and buildings.
Direct Fixed Costs
Costs that are constant for a certain level of production or period but are directly tied to the production process.
Profit Center Manager
A manager responsible for overseeing a business segment or department that is judged on its ability to generate profit.
Budgetary Control
The process of comparing actual financial performance with the budgeted amounts and analyzing the differences to make informed business decisions.
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