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Which of the following statements is not a valid scheduling principle?
Indirect Cost
Expenses not directly tied to the production of goods or services, such as office supplies, utilities, and administrative salaries.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to a reorganization or elimination of debt under the laws of bankruptcy.
Key Employees
Employees considered crucial to the operation and success of a business due to their skills, knowledge, or roles.
Optimal Capital Structure
The best mix of debt, equity, and other financing sources that minimizes the company's cost of capital while maximizing its value.
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